Coinbase Enters Japanese Market Approved By FSA.
2021-06-24 | Eddy Morgan
With a whimper, the United States renowned cryptocurrency exchange Coinbase has quietly entered
the Japanese Market.
As reported earlier last week, the Nasdaq-listed exchange’s subsidiary
registered with the FSA [Financial Services Agency], the country’s financial watchdog on 18
th June.
The move paves the way for Coinbase
to start offering five leading
crypto assets along with Bitcoin [BTC], Ethereum [ETH], Stellar [XLM], Litecoin [LTC], and Bitcoin Cash [BCH]. More currencies are expected to be added once Coinbase’s registration has been finalized.
Japan’s strict cryptocurrency regulatory regime
isn't without its payoffs as it is
one of the most important regions for trading
within the world and a potentially lucrative venture for those keen enough
to leap through the hoops.
Coinbase has been touting an entry into Japan for years
and eventually began making moves by engaging within a
hiring spree across the country’s capital of Tokyo last year.
Earlier in March last year, Coinbase joined as a member of the Japan Virtual Currency Exchange Association, a self-regulatory organization recognized by the FSA.
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