Coinbase Is Entering The Japanese Crypto Market

Coinbase is entering the Japanese crypto market. The exchange will enter by listing 5 cryptocurrencies, including Bitcoin.

Described as the largest cryptocurrency exchange in the USA, Coinbase will step into the Japanese market, where there are strict regulations. The exchange partnered with Mitsubishi UFJ Financial Group (MUFG), one of the country's largest financial groups, with a 350-year history, for its expansion to the japanese crypto market. In the first stage, it was stated that 5 cryptocurrencies will be listed. In a statement made by the crypto exchange Coinbase on the subject, following expressions were used: "In line with our global strategy, we aim to be the most regulatory, easy to use and most reliable exchange in Japan." Coinbase will allow trading of Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Stellar Lumens (XLM) and Litecoin (LTC) in the first phase, and then it will provide many services from advanced transactions to institutional firms. The biggest support to Coinbase in the Japanese market will be the MUFG Group, which has a 350-year history. The giant bank, which has 40 million customers in the country, will offer direct deposit service to Coinbase. The service will be called “MUFG quick deposit”.