Cryptocurrency Communication | Approaching the cryptocurrency exchange "DeCurret" funded by domestic major enterprises [Oohira]

Oohira-san Profile

FX history since 2009, cryptocurrency history since 2015. Leveraging cryptocurrency investments and past experiences, I am distributing cryptocurrency information on major newsletter sites and investment sites. I participate in numerous individual investor networks and apply knowledge gained from many investors. Since 2016, I have been operating a cryptocurrency investment information site where beginners can learn.

Blog:The Future Potential of Cryptocurrency — Investment Methods for Beginners to Earn

*This article is a reprint and editorial of FX攻略.com July 2019 issue. Please note that the market information written in the body of the article may differ from the current market.

Featured Exchange DeCurret

On March 25, 2019, the Financial Services Agency registered two new cryptocurrency exchange operators. This means that the two registered operators will be able to offer cryptocurrency exchange services in the future.

One of them is Rakuten Wallet, operated by Rakuten, which I predicted. The other is a company called DeCurret (DeCurret) (Figure ①). DeCurret was a company I had never heard of, but after researching, I found that it is an exchange funded by well-known domestic large-scale companies.

Regarding current cryptocurrency exchanges, many are operated by a single famous company. SBI, DMM, GMO, and Monex Securities, which acquired Coincheck, are examples. However, DeCurret is notable because it involves investment from companies across various sectors, including IT, railways, insurance, and securities.

DeCurret is operated with a capital of 5.2 billion yen, a substantial amount among cryptocurrency exchanges. The operating company is Internet Initiative Japan Inc. (IIJ), which holds 35% of the shares as the principal shareholder. Proof of this is that IIJ appears on DeCurret’s board of directors. IIJ is an IT company listed on the Tokyo Stock Exchange and NASDAQ, providing services such as internet connectivity and recently popular low-cost SIM services.

As of April 2019, the cryptocurrencies traded on DeCurret are Bitcoin, Litecoin, Bitcoin Cash, and Ripple. In summer 2019, Ethereum, the second-largest by market capitalization, is planned to be added.