Kraken Bitcoin Exchange to Begin Operations in Japan Next Month
Newly-established and popular bitcoin/cryptocurrency exchange Kraken is slated to begin operating in Japan next month, according to founder Jesse Powell, who recently spoke to Bloomberg Businessweek. The announcement comes months following the fiery collapse of Tokyo-based Mt. Gox - an exchange run by French-born Mark Karpeles. In that collapse, upwards of 500,000 bitcoins were lost under uncertain circumstances. In May, Powell was said to have gone to the Land of the Rising Sun for discussions with local legislators in an attempt to plant his company's feet in the country and open up the....
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Kraken, a reputable Bitcoin exchange launched trading in Japan at the end of October. With the collapse of Mt. Gox, setting up a reputable and publicly trusted exchange in Japan is no easy task. Kraken has a great record of high transaction volumes as well as reputation for compliance with the law. Even though Kraken boasts credentials, months of work went into launching a regulated and publicly accepted Bitcoin exchange in Japan. Kraken is the only Japan Bitcoin exchange that allows local funding options. I got a chance to interviewKraken CEO Jesse Powell about the Japanese launch and....
Japan Exchange Group, operator of the Tokyo Stock Exchange will begin experimenting with blockchain technology for post-trade solutions such as clearing and settlement of trades. The operator will team up with IBM Japan for the project. The operator of Asia’s largest stock exchange is joining IBM Japan to run blockchain tests for clearing, settlement, and other operations. According to a report by Nikkei Asian Review, the proof-of-concept testing will commence next month in March. Currently, the Japan Exchange Group’s record-keeping platform stores trading data on a centralized server. The....
Japan’s Financial Services Agency has allowed the Japan Exchange Group, operator of the Tokyo Stock Exchange, to use financial technologies like blockchain as its core trading infrastructure. The country’s financial regulator will now begin approving Fintech adoption on a case-by-case basis, according to a review in Nikkei. Previous regulation meant that JPX subsidiaries were limited to activities linked to exchange operations. The new and updated interpretation of the rule, however, allows the JPX to introduce technology that improves the operational efficiency of trading platforms. It is....
Kraken has quickly become an experimental crypto-currency trading engine with Lorem Ipsum text on its homepage to a major hub for bitcoin and altcoin trading in a little over a year. And they're just about ready to continue their massive growth. A Monday morning report from The Wall Street Journal indicates that Kraken is planning an expansion into Japan by the end of this month in a move that hopes to provide Japanese investors with a secure, trusted, and stable trading platform. According to Kraken chief executive officer Jesse Powell, there's an "overdue need for an exchange" in the....
Leading US-based cryptocurrency exchange Coinbase announced it will launch operations in Japan yesterday. The exchange will be partnering with Mitsubishi UFJ Financial Group (MUFG), a banking institution with more than 40 million customers, to make it easy for residents of Japan to purchase and sell cryptocurrencies. Coinbase Launches in Japan Coinbase, one of the leading cryptocurrency exchanges in the world, has launched operations in Japan, offering part of its products and services to Japanese customers. The blog post communicating the news confirms Coinbase will strive to offer an....