The bank will provide its 40 million customers in Japan access to the platform by offering via its MUFG Quick Deposit.
Cryptocurrency exchange Coinbase on Thursday announced the launch of its services in Japan, in partnership with Mitsubishi UFJ Financial Group – one of the country's largest banking institutions.
«In line with our global strategy, we will aim to be the easiest to use and most trusted exchange in Japan that’s fully compliant with local regulations,» the exchange said in a blog post on Thursday.
The platform will provide access to retail products first, including bitcoin, ether, stellar, litecoin, and bitcoin cash – the five top assets based on trading volume, and will add more assets and products in the coming months.
More Products Planned
Coinbase said it will be rolling out localized versions of services such as advanced trading, Coinbase for Institutions, and more in the future.
Founded in 2012, Coinbase went public with a nearly $100 billion valuation in April 2021. The platform currently serves 68 million users and 9,000 institutions in over 100 countries.
