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SuperHuat
2021-08-19

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Coinbase Teams Up With MUFG to Start Japan Crypto Exchange

Japan head at Coinbase aims to recruit product developers Coinbase Japan starts with trading for fiv

Coinbase Teams Up With MUFG to Start Japan Crypto Exchange

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The company started by allowing trading in five digital coins: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Stellar.</p>\n<p>Coinbase said MUFG Bank is a payment partner in Japan and the bank’s account holders can easily buy crypto on the exchange. MUFG is an investor in&nbsp;Coinbase Global. Account holders at other banks can’t do transactions with Coinbase, Kitazawa said.</p>\n<p><b>Hiring More</b></p>\n<p>In an interview, Kitazawa, a former Morgan Stanley banker, said Coinbase Japan has staff of about 30 people currently and is looking to hire more for product development.</p>\n<p>While Coinbase started by targeting retail customers in Japan, Kitazawa said he is optimistic about the prospect for&nbsp;institutional business, given the global trend of a growing number of asset management companies, pensions and endowments allocating money to crypto.</p>\n<p>An increasing number of institutional investors want to talk with us, he said. “Their questions have been getting more specific recently,” adding that the company may hire staff to cater to institutional investors in Japan if it sees demand.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Teams Up With MUFG to Start Japan Crypto Exchange</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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The company started by allowing trading in five digital coins: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Stellar.\nCoinbase said MUFG Bank is a payment partner in Japan and the bank’s account holders can easily buy crypto on the exchange. MUFG is an investor in Coinbase Global. Account holders at other banks can’t do transactions with Coinbase, Kitazawa said.\nHiring More\nIn an interview, Kitazawa, a former Morgan Stanley banker, said Coinbase Japan has staff of about 30 people currently and is looking to hire more for product development.\nWhile Coinbase started by targeting retail customers in Japan, Kitazawa said he is optimistic about the prospect for institutional business, given the global trend of a growing number of asset management companies, pensions and endowments allocating money to crypto.\nAn increasing number of institutional investors want to talk with us, he said. “Their questions have been getting more specific recently,” adding that the company may hire staff to cater to institutional investors in Japan if it sees demand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}