FTX-the second-largest centralized exchange in terms of volume, having overtaken coinbase has just launched FTX Japan to service Japanese customers.

Sam Bankman-Fried, CEO of FTX who is also currently serving as Interim CEO of FTX Japan commented on the news saying that the acquisition is a big step taken towards achieving the goal of serving as a global investor base with access to digital asset markets through a regulated entity. He also mentioned that the acquisition has provided the company with a technological edge that allows them to work directly with Japanese regulators in a constructive, positive, and transparent manner.

While also noting that the Japanese market is highly regulated with a potential market size of almost $1 trillion” for crypto trading. The launch of FTX Japan will give FTX the opportunity of providing the Japanese crypto community with industry-leading products and services, including spot trading and perpetuals covering a wide range of digital assets such as BTC, ETH, SOL, e.t.c. FTX Japan also provides the local customers the option of fast deposits and withdrawals of Japanese Yen.

FTX Japan is headquartered in Tokyo and will operate as a licensed Japanese crypto-asset exchange services provider and also as a Type 1 Financial Instruments Business license holder approved by the FSA. The company will offer Japanese customers a platform for spot and futures trading.

Featured image source: Leap rate

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