FTX Launches in Japan
Posted by Colin Lambert. Last updated: June 7, 2022
Cryptocurrency exchange FTX has launched FTX Japan following its acquisition of Quoine Corp, to to provide the Japanese crypto community with products and services, including spot trading and perpetuals for a range of digital assets including BTC, ETH, SOL, FTT, and more.
FTX Japan also supports fast deposits and withdrawals of Japanese yen for local customers, the firm says as part of the announcement.
“Completing this acquisition earlier this year is a key step in achieving our goal of providing a global investor base with access to digital asset markets through a regulated entity,” says Sam Banman-Fried, CEO of FTX and interim CEO of FTX Japan. “The acquisition not only gives us a technological advantage, but also allows us to work directly with Japanese regulators in a transparent, constructive and positive manner.
“Japan is a highly regulated market with a potential market size of almost $1 trillion when it comes to cryptocurrency trading,” he continues. “With the launch of FTX Japan, we will be able to bring additional products to this market, such as our perpetuals and spot crypto trading. We look forward to further revolutionising the Japanese digital asset ecosystem through FTX Japan.”