Coinbase Begins Operations in Japan

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Babafemi Adebajo
Babafemi Adebajo

Femi is a freelance content writer with adequate experience creating content for online and offline media across different niches including technology. When he is not writing, you can find him trying out new technology or reading.

Top US-based cryptocurrency exchange platform Coinbase, has announced that it will begin operations in Japan. The announcement which came yesterday will see the exchange partnering with Mitsubishi UFJ Financial Group (MUFG), a financial institution with a customer base of over 40 million people. The move is to allow for easy buying and selling of cryptocurrencies for residents of Japan.

Coinbase Launches in Japan

Coinbase has begun operations in Japan, offering parts of its products and services to Japanese customers. The exchange announced that they are hoping to be the most easy-to-use and most trusted exchange in Japan that will comply fully with relevant local regulations.

Also Read

The company also hopes to offer its full line of products to the Japanese market in the near future, however, for now, the service is launching with offering “a suite of five top assets based on trading volume.” More products which will include advanced trading, Coinbase for institutions, and many others will be added later on.

Confirming what Coinbase hopes to achieve by this move, the blog post that broke the news says that the exchange will strive to offer a regulated cryptocurrency product, and one that’s easy to use for all potential users in the country. 

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Coinbase and MUFG Partnership

It is important to note that Coinbase did not enter into the Japanese market solo. The company announced that there is also a partnership with the Mitsubishi UFJ Financial Group (MUFG). The banking institution will provide direct deposit services thus allowing its customers (over 40 million), transfer funds to the exchange at a very quick rate. The service is called “MUFG Quick Deposit.”

The exchange had been approved to penetrate into the Japanese market since June when the FSA, the Japanese cryptocurrency regulator, gave the nod for Coinbase to conduct bitcoin (BTC) trading, ether (ETH), bitcoin cash (BCH), litecoin (LTC), and stellar lumen (XLM).

Coinbase has been eager to break into Japan since about three years ago. Back in 2018, the exchange announced the launch of a local office in Japan and reiterated that the move was in a bid to speed up the adoption of cryptocurrency worldwide, and also vowed to work hand in hand with local regulators so as to achieve the same kind of compliance as is in the U.S markets. 


iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly 
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors