Coinbase Launches Services in Japan

Coinbase, a California based digital asset exchange operator, announced the launch of its services in Japan, one of the first countries to embrace crypto and one of the largest markets by crypto trading volumes in the world.

According to the official announcement, Coinbase has partnered with Mitsubishi UFJ Financial Group (MUFG), one of the largest banks in Japan serving 40 million Japanese customers. This partnership will allow millions of people in Japan to access Coinbase's platform and begin trading by offering MUFG Deposit for all customers in Japan from day one.

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"Today's launch is just the beginning. Coinbase is committed to increasing the use of crypto in Japan by bringing a best-in-class product offering to Japanese customers. 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 stated in the official announcement.