Report: Monex wants to buy FTX Japan amid bankruptcy proceedings

FTX Japan, one in all 4 FTX belongings put up on the market, caught the attention of Monex Group, a Tokyo-based on-line brokerage agency.

In an interview with the Bloomberg media outlet, Monex CEO Oki Matsumoto stated they’re and expressed that it is going to be “superb” for them if there’s much less competitors within the native market.

Matsumoto additionally highlighted that the cryptocurrency market inside Japan has numerous potential as a result of firms could also be contemplating investing in digital belongings or utilizing non-fungible tokens for his or her advertising and marketing campaigns.

Based on the CEO, Monex desires to place itself as one of many few choices for native gamers when that point comes.

Monex additionally owns a majority of the Japanese cryptocurrency pockets and trade service Coincheck, which expressed its intention to checklist on the Nasdaq final yr.. Based on Matsumoto, there aren’t any modifications to his plans to checklist Coincheck on Nasdaq.

FTX Japan is one in all 4 FTX belongings accepted on the market in chapter proceedings. Different belongings embrace securities clearing platform Embed, derivatives platform LedgerX, and the European arm of the trade, FTX Europe.. The courtroom permits these within the buy to hold out due diligence and look at the belongings on the market.

Monex is just not the one firm eager about FTX belongings. On Jan. 10, a courtroom submitting confirmed that there are round 117 entities which have expressed curiosity in buying the trade’s belongings on the market. Based on the data, 41 consumers are eager about FTX Japan.

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