Kraken relaunches crypto trading in Japan as part of APAC expansion
Japanese residents can once again trade BTC, ETH, LTC, XRP, and BCH on Kraken, two years after it pulled out of the country. Major U.S.-based cryptocurrency exchange Kraken has launched funding and crypto trading services in Japan, furthering its expansion into the Asia-Pacific (APAC) region.On Oct. 22, the exchange announced it had launched spot trading of Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH) for Japanese residents. Both crypto-to-crypto and JPY-denominated pairings are available.Customers are able to make deposits in the five crypto assets,....
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The exchange had shuttered its Japanese services after Coincheck's $530 million hack in 2018 spooked regulators and prompted a crackdown.
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....
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....
Ripple CEO Brad Garlinghouse says the company's activities in the Asia-Pacific region have not been affected by current regulatory troubles in the United States. Despite being in the middle of a $1.3 billion lawsuit with the United States Securities and Exchange Commission, it appears that it is still business as usual for Ripple.Speaking to Reuters on Friday, Garlinghouse revealed that the company has not suffered any negative blowback in the APAC business theatre amid the current SEC lawsuit:“It (the lawsuit) has hindered activity in the United States, but it has not really impacted....
3 September 2021, OKCoin Japan Exchange announces its official listing of IOST. The listing of IOST on OKCoin Japan marks IOST’s next important milestone in its global expansion and adoption. Specifically in Japan, in 2020, IOST has been approved by Financial Services Agency (FSA), the Trading platforms supervision Alliance in Japan, successfully become the 14th […]