Japanese E-commerce Giant Rakuten to Launch Its Crypto Exchange in June


0

Japanese e-commerce giant Rakuten will launch its own cryptocurrency exchange, dubbed Rakuten Wallet, this June, Cointelegraph Japan reports today, March 29.

As per the official announcement from Rakuten, the exchange will start accepting applications for opening accounts on April 15. Rakuten Wallet is set to go live in June.

According to Rakuten, its trading platform will allow users to trade digital assets via a smartphone application. Opening an account will be free of charge and customers’ funds will be stored in a cold wallet, the press release notes.

The company finally received regulatory approval from Japanese financial market regulator, the Financial Services Agency (FSA) on March 25. The FSA granted Rakuten a license to operate a virtual currency exchange business in the country.  

At the same time, the e-commerce giant announced that its upcoming crypto exchange subsidiary was renamed to Rakuten Wallet.

The FSA recently greenlighted another local exchange, DeCurret, to start operating in April. As

Rakuten bought domestic crypto exchange Everybody’s Bitcoin for 265 million yen ($2.4 million at that time) in late August 2018. Simultaneously, the company hinted it was going to enter crypto exchange market.


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
COINTELEGRAPH

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format