KrakenisexcitedtoannouncewewillsoonbereopeningservicesinJapan,amovethat’spartofabroaderinitiativetoexpandourindustry-leadingservicesintohigh-growthAPACmarkets.
TheannouncementfollowsKraken’sexpansionintotherapidlygrowingAustralianmarketwiththeacquisitionofBitTradeandthelaunchoffundingandtradinginAustraliandollars.?
WebelievetheJapanmarketisripeforre-entry.Interestincryptocurrenciesisspikingglobally,andwithitscrypto-friendlyhistoryandwell-establishedregulatoryenvironment,Japanispoisedtobealeadingcountryinthenextwaveofcryptoadoption.?
KrakenexitedJapanin2018inordertofocusitsresourcesonimprovinginothermarketsthatweregrowingexponentiallyatthetime.?
However,Krakenhasbeenpreparingforthere-entryfortwoyears,inthattimeestablishingaTokyo-basedsubsidiary,PaywardAsia,andbuildingupinternalgovernanceandcontrolsinaccordancewithlocalregulations.?
KrakencompleteditsregistrationasaCryptoAssetExchangeServiceProviderunderthePaymentServicesActonSeptember8.
JapanresidentscancreateaccountsstartingSeptember18
StartingSeptember18at10:00amJST,Japanresidentscancreateaccountshere:https://www.kraken.com/sign-upKrakenisworkingtolaunchaccountfundingandtradingassoonaspossible.Werecommendthatclientscreatetheiraccountsearlysotheonboardingprocessiscompletepriorlaunch.PleasenotethatJapanresidentswhopreviouslytradedwithKrakenwillneedtocreatenewaccounts.WhenwillKrakenlaunchservice???
Theexactdateforfundingandtradinghasnotyetbeenset,butweexpecttolaunchinlateSeptemberorearlyOctober.?Whatserviceswillbeavailableatlaunch?
DomesticJPYdepositsandwithdrawals(throughSBISumishinNetBank).Spottradingin5majorcryptocurrencies–Bitcoin(XBT),Ethereum(ETH),Ripple(XRP),BitcoinCash(BCH)andLitecoin(LTC).Bothcrypto-cryptoandJPY-cryptotradingpairswillbeavailable.Weplantooffermoreassetsandservicesinthecomingmonths
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