Coinbase announces the elements needed for Japan's cryptocurrency market! What is the future global strategy, including a Japan landing
A vice president of Coinbase, Dan Romero, the cryptocurrency exchange based in San Francisco, USA, spoke about future exchange deployments in Japan.
Mr. Romero views the Japanese crypto market as a mature market and shows the necessary elements and a bullish stance.
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What are the elements needed for Japan's market, as explained by Coinbase
During a conversation with the overseas crypto media diar, Coinbase vice president Romero spoke about Coinbase’s expansion in Japan.
Coinbase, the largest major cryptocurrency exchange in the United States, is seeking to enter Japan by applying for registration under the cryptocurrency exchange licensing system.
Aiming for license issuance within 2019, with strengthened cooperation with the Financial Services Agency (FSA).
Furthermore, Coinbase has formed a partnership with MUFG (Mitsubishi UFJ Financial Group), one of Japan's largest banks, receiving an investment of over 1 billion yen in 2016.
Coinbase has already strengthened its collaboration with Japan, but Romero emphasizes the need to expand and cover areas where services are not reaching regions suffering from issues such as currency devaluation and financial inclusion—areas beyond just exchanges—in mature markets like Japan.
Additionally, Sam Rosenblum, head of Coinbase's Global Business Development, highlights that usability, safety, and earning trust are crucial for service deployment, considering incidents of capital outflows in Japan.
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