Japan’s SBI Adds XRP to Cryptocurrency Lending Service
Users of SBI's cryptocurrency exchange can lend XRP for a return of 0.1% per annum. Source
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Japans
Japan’s top brokers compete with crypto-native exchanges for market share
According to research by Messari, the top three online brokerage firms in Japan are experiencing surging revenue from their cryptocurrency exchange services.In its Asian Crypto Landscape report, Messari noted the operating revenue and net worth of exchange platforms operated by Japan’s top securities brokers is quickly catching up to that
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Japan’s FSA Says XRP Not a Security: Report
The regulator's stance contrasts with that of the U.S. Securities and Exchange Commission. Source
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Japan’s SBI Group Launches Crypto Lending Service
Customers would be able to earn 1% on their deposits for 84 days. Currently, deposits of as low as 0.1 BTC and as high as 5 BTC will be allowed.Japanese financial giant SBI Group has announced that it has hit the ground running with crypto lending service starting today.According to
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Ripple to Invest in Japan’s SBI Subsidiary MoneyTap
Ripple plans to invest in MoneyTap, the blockchain payments app birthed through a joint venture between the San Francisco-based firm and SBI Holdings. Source
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bitFlyer Japan’s Assets Under Custody Topples 161.8 billion yen In August
The total Assets under bitFlyer Japan’s custody topples 161.8 Billion Yen or approximately US$1.5 billion far back in August, breaking an almost two-year stalemate.Per Coindesk Japan’s report, bitFlyer Japan’s total assets under custody which is the highest the firm has seen since 2018 was most likely fueled by the company’s
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bitFlyer Japan’s Assets Under Custody Reach Highest Point Since 2018
A new report from bitFlyer Japan states the exchange is now custodying more than 161.8 billion yen ($1.5 billion) on behalf of its clients, a two-year record for the company. Source
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Japan’s LINE Starts Crypto Lending Service
LVC, the crypto exchange operator and blockchain business unit of LINE, is launching a service that allows users to lend crypto assets like bitcoin and ethereum to its exchange BITMAX. In return lenders will receive a rental fee, which is like the interest on a bank loan. Source
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Crypto Exchange Coincheck to Launch Japan’s First IEO
Major Japanese crypto exchange Coincheck aims to launch its first Initial Exchange Offering project for Hash Palette, a content distribution platform for Japanese comic and graphic novels, anime and music by next March. Source
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Japan’s Covid-19 Stimulus Payments Didn’t Flow Into Crypto
In April, the Japanese government began distributing 100,000 yen payments — about $930 — to every household. But did the Japanese follow some in the United States and spend that money in crypto exchanges? The data from the three major crypto exchanges in Japan suggests they probably did not. In his
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