- Currently FTX has a $1 trillion market cap.
- The exchange will provide both spot and derivatives services.
Today the FTX Trading Ltd a prominent worldwide cryptocurrency exchange announced the launch of FTX Japan, which will offer service for Japanese consumers.
JUST IN: 🇯🇵 FTX #crypto exchange announces the launch of FTX Japan to service the Japanese market.— Watcher.Guru (@WatcherGuru) June 3, 2022
Formerly known as Quoine Corporation, FTX Japan K.K a licensed Japanese crypto-asset exchange services provider with a Type 1 Financial Instruments Business license, planned to provide a platform for future trading to Japanese customers. FTX Japan K.K. was rebranded from Quoine Corporation as FTX JP.
FTX Japan Plans
The launch of FTX Japan will offer goods and services, such as spot trading and perpetual for a wide range of digital assets, including BTC, ETH, SOL, FTT, and others to the Japanese crypto enthusiasts. Also, they will provide fast deposits and withdrawals of Japanese Yen ¥.
In February, FTX bought Liquid Group and its subsidiaries, a financial startup based in Japan to gain access to the Type 1 firm’s Financial Instruments Business license. Following its acquisition of a licensed domestic marketplace.
In January FTX raised $400 million in a Series C round of fundraising to expand its services and acquisitions into international markets, which allows it to take up licenses from domestic corporations.
FTX Token (FTT) currently trading at $26.76 USD with a trading volume of $53,179,160 USD. and the market cap of $3,640,038,202 USD.