Coinbase Wants To Expand Its Territory, Now Ready To Enter Japan's Cryptocurrency Market! - Kakiforex.com - Financial Market Media No. 1 in the World Coinbase Wants To Expand Its Territory, Now Ready To Enter Japan's Cryptocurrency Market! Coinbase Wants To Expand Its Territory, Now Ready To Enter Japan's Cryptocurrency Market!
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June 24, 2021

Coinbase Wants To Expand Its Territory, Now Ready To Enter Japan's Cryptocurrency Market!

 Coibase ($ Coin) which is one of the largest crypto exchanges based in New York announced that they are ready to enter the Japanese crypto market after getting approval from the country’s main regulatory body (FSA). The FSA has included CoinBase as a crypto exchange that is under the Fund Management Act.


The Nasdaq -listed cryptocurrency exchange will trade five types of cryptocurrencies, namely Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Stellar Lumen (XLM), and Litecoin (LTC). Coinbase had previously announced that it wanted to enter the Japanese crypto market in 2018 but was postponed because it had not yet received FSA approval.


Japan is seen as one of the most progressive crypto markets in terms of regulation and Japan is the country that has proposed regulatory guidelines to the G-20 countries to assist them in implementing progressive crypto rules.



CoinBase is also a member of the Japan Virtual and Crypto Assets Exchange Association (JVCEA) regulatory organization. Coinbase joined the organization as a second -class member in 2018.


After Coinbase’s appearance on the Nasdaq in April this year, the crypto platform has successfully expanded its offerings and service offerings to new territories. Recently, Coinbase has successfully entered the pension investment market after partnering with 401 (K) pension plan provider Forusall.


The news is a positive sentiment by showing that acceptance among the masses is becoming more widespread and strong.