Monex interested in acquiring FTX Japan amid bankruptcy proceedings

FTX Japan, one of 4 FTX assets being sold. It caught the attention of Monex Group, an online brokerage firm based in Tokyo.

In an interview with Bloomberg, Monex CEO Oki Matsumoto saythat they care and believe to be “Good thing” for them if there is less competition in the local market.

Matsumoto also emphasized that the crypto market in Japan has a lot of potential. As companies may look to invest in digital assets or use NFT tokens for their marketing campaigns.

According to the CEO, “Monex wants to position itself as one of the few options for local players when the time comes.”

FTX Japan is one of four FTX assets that have been approved by the courts for sale during insolvency proceedings. Other assets include stock-clearing platform Embed, derivatives platform LedgerX and FTX Europe, a European-based exchange.

refer : LINK

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