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Home Crypto News

Tokyo-Based Online Brokerage Expressed Interest In Acquiring FTX

Admin by Admin
January 16, 2023
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Tokyo-based online brokerage Monex Group expressed interest in acquiring FTX Japan, the Japanese subsidiary of the collapsed crypto exchange FTX.

About 41 parties have expressed their interest in buying FTX Japan.

Oki Massumoto, Monex Group CEO, said he sees potential in the Japanese market, where companies could soon start trading digital coins and use NFTs for marketing.

Monex wants to establish itself as one of the few choices for customers when such a time comes. He said.

In response to questions about FTX Japan, Monex founder said it will be a very good thing if the number of crypto exchanges competing with his firm drops.

FTX Japan is being part of FTX’s bankruptcy process in the US.

FTX,Japan which will start withdrawal process from next month, held around 10 billion Yen in net assets at the end of September

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