Crypto exchange giant FTX has launched FTX Japan, its Japanese cryptocurrency trading service.
FTX Japan is borne out of FTX’s prior acquisition of Liquid Group in February.
Liquid was the parent company of Quoine Corp., one of the first crypto exchange platforms licensed in Japan in 2017.
The launch of the platform will see FTX able to migrate its existing customer base in Japan under the FTX Japan umbrella for crypto spot and perpetual contracts trading.
Customers will also be able to make deposits and withdrawals using the Japanese yen.
FTX was the second-largest centralized crypto exchange in May, as previously reported by The Block.
Sam Bankman-Fried, the company’s CEO, has earmarked billions of US dollars on further acquisitions.
