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   931

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.

Crypto M&A Deals to Set Record in 2018

Last year’s largest transactions were the acquisition of Poloniex for $ 400 million by the Circle; 2018 M&As totaled for $559M
14 February 2019   116

According to Forbes, in 2018 in the cryptoindustry there were mergers and acquisitions (M & A) totaling $ 559 million.

Last year’s largest transactions were the acquisition of Poloniex for $ 400 million by the Circle, as well as the Coinbase purchase of the Earn project for $ 120 million. In addition, the largest cryptocurrency company in the United States acquired the Blockseer analytical service for $ 14.8 million and paid $ 14.7 million Node40, specializing on accounting and tax blockchain solutions.

A total of 54 mergers and acquisitions took place in the crypto industry in 2018. This is 170% more than the year before (in 2017, 20 M&A transactions were closed). According to the Pitchbook, for the entire existence of the cryptocurrency sphere, the total amount of M&A transactions exceeded $ 1.1 billion. Thus, most of them occurred last year.

Kraken recently acquired the Crypto Facilities, a UK cryptoderivatives platform.