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Japanese Brokerage Companies See Increased Activity from their Crypto Exchange Services
Last Updated: 26 January 2021
The Japanese crypto industry is one of the most mature globally, with a robust regulatory regime and growing appetite from locals. However, crypto exchanges now have some competition to watch out for as the country’s top brokerage firms are now eating more of their market share.
Hot on Native Crypto Exchanges’ Heels
Recently, research firm Messari published its Asian Crypto Landscape report, noting that the net worth and operating revenue of the crypto exchanges launched by Japan’s top brokerage firms have been on the rise.
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Ogwu Osaemezu Emmanuel
on
January 20, 2021 Regulation
The latest research report released by Messari has revealed that the Asian region still dominates the cryptocurrency markets, with China leading the pack, despite the country’s overly strict, albeit draconian digital assets regulation.
Asia Remains the World’s Crypto Giant
Japan’s mysterious Satoshi Nakamoto started the cryptocurrency movement and it’s not a surprise that 12 years down the line, the Asian continent still occupies the frontline in the revolution, with bitcoin (BTC)-hating China leading the pack.
Specifically, “Asia’s Crypto Landscape,” a report released by Messari analyst Mira Christanto, has revealed that the continent is still the world’s biggest crypto market and the Chinese people have found a way to trade digital currencies in spite of the existing blanket ban on exchanges by the government.
Coinbase Allegedly Taps Goldman Sachs to Lead IPO, FTX Exchange May Launch Pre-IPO Futures
Following the San Francisco-based cryptocurrency exchange’s initial public offering (IPO) Form S-1 draft registration, reports note that Goldman Sachs will likely lead the IPO. Moreover, the digital currency trading platform FTX is rumored to be launching a Coinbase futures market before the public listing.
Two days ago, on December 17, 2020, Coinbase announced filing registration papers with the U.S. Securities and Exchange Commission (SEC). “The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions,” the San Francisco exchange detailed.