Coinbase to set up exchange in crypto-trading hotbed Japan

in #cryptocurrency6 years ago



                                                           <p>Coinbase Inc., the operator of the largest U.S. cryptocurrency exchange, is setting up shop in Japan, where much of the world’s bitcoin &#13;













BTCUSD, +0.52%










trading takes place.

The San Francisco-based company named Nao Kitazawa, a former Morgan Stanley












MS, -0.44%










banker turned fintech executive, as its new Japan CEO. Coinbase said it is working with Japanese regulators to ensure it complies with local laws. It didn’t offer a time frame for when it expects to commence operations.

Coinbase, which was founded in 2012 and runs the largest U.S. digital-currency exchange by volume, said it currently operates in 32 countries including Singapore. Yet it has lacked a significant presence in Asia, one of the driving forces behind bitcoin’s surge last year.

Check out: If bitcoin is a bubble, the ‘panic’ stage is near, says economist

And see: Why a raid in a South Korean crypto-exchange rattled the bitcoin market

“As a regulated, compliant crypto company in the U.S., we will focus on building that same level [of] trust with new customers in Japan,” Dan Romero, vice president and general manager of Coinbase, wrote on the company’s blog. He said the expansion was part of Coinbase’s efforts “to accelerate the global adoption of cryptocurrency.”

                                     <p> <a href="https://www.wsj.com/articles/coinbase-wants-to-pounce-on-another-cryptocurrency-paradise-japan-1528178585?mod=mktw" target="_new" class="icon ">An expanded version of this report appears on WSJ.com.</a> </p> <p> <strong>Popular on WSJ.com:</strong> </p> <p> <a href="https://www.wsj.com/articles/sports-website-the-athletic-expands-aggressively-1528110000?mod=mktw" target="_new" class="icon ">Sports site The Athletic expands aggressively, betting on subscriptions</a> </p> <p> <a href="https://www.wsj.com/articles/why-robocallers-win-even-if-you-dont-answer-1528104600?mod=mktw" target="_new" class="icon ">Robocallers win even if you don’t answer the phone</a> </p> 

                        
                        
                              
  
  
  
  
  
  
  
                              
                        
                        
                              
  
  
  
  
  
  
  
  


            
                        
                                
            
            




        </div><br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : https://coinmarketnewstoday.com/2018/06/coinbase-to-set-up-exchange-in-crypto-trading-hotbed-japan/</em><hr/></center>
Sort:  

This user is on the @buildawhale blacklist for one or more of the following reasons:

  • Spam
  • Plagiarism
  • Scam or Fraud

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70753.86
ETH 3589.34
USDT 1.00
SBD 4.75