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This week’s headlines from Japan included GMO Coin reporting document transaction quantity from February, BitFlyer surpassing 2.5 million customers, Tokai Tokyo Securities becoming a member of the Japan STO Affiliation, and SBI FX looking for margin buying and selling licensing.
Try a few of this week’s crypto and blockchain headlines, initially reported by Cointelegraph Japan.
GMO cash trade posts document excessive numbers
GMO Coin trade, a subsidiary of GMO Monetary Holdings, reported that February yielded all-time excessive transaction numbers after the trade added 4x margin buying and selling to its platform.
GMO’s transactions from gross sales workplaces, trade buying and selling, and digital asset FX totalled roughly $7.5 billion in February 2020. The trade additionally tallied greater than 300,000 clients by January’s finish.
BitFlyer hits document excessive buyer depend
Tokyo-based trade BitFlyer mentioned it has amassed greater than 2.5 million clients throughout Japan, the U.S. and Europe. No different trade is reportedly licensed in all three nations.
BitFlyer’s co-founder and CEO Yuzo Kano mentioned:
“‘One staff, one dream’ for all group staff to adjust to compliance because the world’s solely digital foreign money trade authorized as a digital foreign money trade firm within the three areas of the USA and Europe and to supply clients with peace of thoughts. I’ll tackle the problem boldly. “
Japan’s STO motion features a member
Tokai Tokyo Securities has jumped on board the Japan STO Affiliation — a gaggle positioning itself as a self-regulating group (SRO within the safety token providing (STO) sector.
The Japan STO Affiliation now touts 9 collaborating companies, together with SBI Securities, Daiwa Securities, Monex, Rakuten, and 5 others.
Tokai Tokyo Monetary Holdings, the corporate that owns Tokai Tokyo Securities, has proven curiosity within the digital securities motion, shopping for right into a digitized safety token trade known as iSTOX.
SBI FX plans for margin buying and selling
SBI Group’s daughter firm, SBI FX, began its journey towards a margin buying and selling launch on its trade, looking for licensing as a broker-dealer.
Reporting instructed the trade will provide 2x leverage, pending the talked about regulatory approval. SBI didn’t specify a date expectation for the product’s launch, or the buying and selling pairs concerned.
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