Japanese Latest Exchange with Huge Capital to Begin Bitcoin (BTC), XRP

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Although not enough, cryptocurrency adoption is on the increase across the globe. A January approved Japanese Exchange with over $5 billion capital has announced it will start trading Bitcoin (BTC), Ripple’s XRP, and two other digital assets.

Decurret Inc. is an innovation of Internet Initiative Japan Inc. and some other leading companies from various industries across the country like Mitsubishi UFJ Bank Ltd, a Ripple partner, East Japan Railway Company, Sumitomo Mitsui Banking Corporation, Mitsui Fudosan Co., Ltd, Yamato Holdings Co., Ltd and some other respected companies.

The cryptocurrency exchange is among the two newly approved exchanges by the Japanese Financial Services Agency (FSA) out of the 23 applications the regulatory body received.

Of the 140 companies that intended to launch cryptocurrency exchanges, 23 firms filed their applications and just two were approved. Decurret and Rakuten Wallet that got FSA approval are to both start operation April 2019.

With its aim to set the standard for cryptocurrency transactions as a new type of social infrastructure in collaboration with shareholders in Japan, Decurret Exchange will establish an outstanding structure that makes it easy for cryptocurrency to be exchanged, sent, received, and stored.

The exchange started account opening on March 27, 2019 and the spot trading services for Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH) are expected to begin Tuesday, April 16, 2019 in Japan.

Japan is one of the few countries supporting cryptocurrency. The country placed a stiff approval process on cryptocurrency exchanges after the country witnessed two massive hacks within a short range.

source: https://todaysgazette.com/japanese-latest-exchange-with-huge-capital-to-begin-bitcoin-btc-xrp/