FTX Japan, one of many 4 FTX property placed on sale, caught the attention of Monex Group, a web-based brokerage agency primarily based in Tokyo.

In an interview with mainstream media outlet Bloomberg, Monex CEO Oki Matsumotosaid that they’re and expressed that will probably be a “superb factor” for them if there will likely be much less competitors inside the native market.

Matsumoto additionally highlighted that the crypto market inside Japan has plenty of potential as a result of firms could also be wanting into investing in digital property or utilizing nonfungible tokens for his or her advertising campaigns.

In response to the CEO, Monex needs to place itself as one of many few choices for native gamers when such a time comes.

Monex additionally owns a majority of the Japanese Bitcoin pockets and trade service Coincheck which expressed its intent to listing the crypto trade on Nasdaq final 12 months. In response to Matsumoto, there are not any modifications of their plans to listing Coincheck on the Nasdaq trade.

Crypto trade Coincheck plans Nasdaq itemizing in July 2023

FTX Japan is without doubt one of the 4 FTX property that was accredited to be put up on the market amid the chapter proceedings. Different property embrace the stock-clearing platform Embed, the derivatives platform LedgerX and the Europe-based arm of the trade, FTX Europe. These enthusiastic about shopping for are allowed by the courtroom to carry out their due diligence and look into the property on the market.

Monex shouldn’t be the one agency eyeing the FTX asset. On Jan. 10, a courtroom submitting confirmed that there are round 117 entities that expressed their curiosity in buying the embattled trade’s property which are up on the market. In response to the knowledge, 41 patrons are wanting into FTX Japan.