Cryptocurrency gateway Coinbase launches in Japan in partnership with Mitsubishi UFJ Financial Group (MUFG) today.
Founded in 2012, the San Francisco based company offers one of the most famous and widely used crypto asset trading and fiat gateway services in over 100 countries. The company has a total of 68 million users globally, with total assets under custody exceeding $180 Billion.
Announcing the partnership will “help millions of people in Japan access the platform quickly” according to Coinbase, thanks to the MUFG Quick Deposit fiat on-ramp system. The publication also stated that new retail products will be launched, including a suite of top assets based on trading volume (do we take this to mean Indices of digital assets?).
We will be launching retail products first including a suite of five top assets based on trading volume, and will add more assets and products in the coming months. We also plan to introduce more localized versions of globally popular services such as advanced trading, Coinbase for Institutions, and more in the future.Coinbase Press Release
Coinbase is the first centralized crypto exchange which listed on the NASDAQ, back in April 2021, but it’s stock price has sunk around 30% since it completed its’ IPO. As Coinbase launches in Japan today, the company will be hoping that access to this potentially huge and lucrative market will help revive its’ fortunes.