Coinbase to Come at Japanese Market

Coinbase Japan will be headed by a board member of the Japan Fintech Association and the former COO of the Money Design start-up Nao Kitatsava
05 June 2018   1724

Coinbase announced the opening of a branch in Japan, which will engage in the "expansion" of in this country.

Coinbase Twitter
Coinbase Twitter

The company promised to fully comply with all requirements of the Financial Services Agency of Japan (FSA).

Coinbase Japan will be headed by a board member of the Japan Fintech Association and the former COO of the Money Design start-up Nao Kitatsava (you can see pic in the tweet above).

All without exception, the company's services will be provided in Japanese.

Earlier, Coinbase presented a number of new products for institutional investors, and also acquired a decentralized exchange Paradex and announced the rebranding of GDAX.

Coinbase to Have Over 960k BTC in a Vault

The company does not have direct access to these funds, which are also insured by the Federal Deposit Insurance Corporation
02 December 2019   168

Coinbase cryptocurrency exchange stores about 966,230 BTC in cold wallets of its custodian service, whose capitalization is about $ 7.1 billion. The company does not have direct access to these funds.

Exchanges' Funds
Exchanges' Funds

The second place in terms of funds in the cold storage is held by the BitMEX exchange with 265,140 BTC ($ 1.94 billion). This is followed by the Bitstamp platform - 229,490 BTC ($ 1.67 billion), Bitfinex - 146,120 BTC, Kraken - 136,780 BTC, Bittrex - 131,340 BTC and Coincheck - 35,090 BTC.

Note that Coinbase cryptocurrency deposits are insured by the Federal Deposit Insurance Corporation. However, any centralized management puts users ’assets at risk, experts recall.