Crypto Exchange FTX Announces the Launch of FTX Japan

FTX, a Bahamas-based cryptocurrency exchange has confirmed the launch of FTX Japan, following its acquisition of a regulated domestic marketplace earlier this year. FTX Japan, operating via FTX Japan K.K., is a licensed Japanese crypto exchange services provider and Type 1 Financial Instruments Business license holder. Formerly known as Quoine Corporation, FTX Japan K.K. was renamed following the acquisition of its parent company, Liquid Group Inc., by FTX earlier this year. FTX Launches Crypto Service in Japan The launch of FTX Japan will enable FTX to provide the Japanese crypto community with industry-leading products and services, including spot trading and perpetuals for a wide range of digital assets. The local crypto exchange also supports fast deposits and withdrawals of Japanese Yen for local customers. FTX founder and CEO Sam Bankman-Fried will become the interim CEO of FTX Japan. Commenting on the launch, of FTX Japan, he said: “Completing this acquisition earlier this year is a key step in achieving our goal of providing a global investor base with access to digital asset markets through a regulated entity. The acquisition not only gives us a technological advantage but also allows us to work directly with Japanese regulators in a transparent, constructive, and positive manner.” In October 2021, FTX announced the closing of a $420.69 million Series B-1 fundraise, increasing the valuation of the company to $25 billi...