- It will make easy to use Cryptocurrency exchange platform
On Monday U.S. based Coinbase announced a Partnership with the largest and most experienced Bank of Japan named Mitsubishi UFJ Financial Group (MUFG). The bank has 40 million active Japanese customers.
By using the Coinbase platform, Millions of users in Japan will get access to their easy-to-use and trustable exchange in no time, just by offering MUFG Deposit for connected customers. Also, They can buy cryptocurrencies like bitcoin, ether, and many others.
Coinbase’s official platform informed that they will deliberately provide an easy way to use and reliable exchange to expand their company worldwide. Japan standard regulations will control this exchange.
This step was taken after the Nasdaq-listed exchange registered with the Financial Services Agency (FSA) in June. FSA is monitoring financial transactions and exchanges.
Coinbase was the platform for Bitcoin buying and selling. Afterwards, the company came across different Cryptocurrency oriented services like Blockchain, Tokens, and other projects.
In 2018, Kraken, a cryptocurrency exchange platform took back its steps from Japan due to extreme loss. The reason behind this was the strict rules imposed by the country. Still, Coinbase is confident enough to prove this step beneficial for the country as well as for its own.