ICYMI: FTX launches licensed crypto exchange service in Japan
FTX Japan is the result of a previous acquisition of the licensed Quoine crypto exchange.Crypto exchange giant FTX has launched its Japanese cryptocurrency trading service called FTX Japan, the company announced on Thursday.in February. Liquid was the parent company of Quoine Corp., one of the first crypto exchange platforms licensed in Japan in 2017.
The launch of the platform will see FTX able to migrate its existing customer base in Japan under the FTX Japan umbrella for crypto spot and perpetual contracts trading.Customers will also be able to make deposits and withdrawals using the Japanese yen. The announcement marks Japan as the latest entry in FTX’s global expansion push. Japan remains one of the most tightly-regulated jurisdictions for crypto trading and was one of the first to create a formal licensing framework for exchanges.
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