Coinbase has gained full registration to operate in Japan. Financial Services Agency (FSA) allows it to Trade only Five currencies for now ie. Bitcoin, Bitcoin Cash, Ether, Stellar Lumen, and Litecoin.
Coinbase back in 2018 said it’d work together with the Japanese FSA to bring full compliance with local laws at every stage.
Coinbase is now a First class member of the Japan Virtual and Crypto assets Exchange Association (JVCEA) since joining in 2018 as a second-class member.
As Coinbase remains the Investor’s Favourite, It’s set for a projection of 72.8 million verified users by the end of 2021, as analyzed by Feingold.
This conclusion was established because of the 30% from the 56 million recorded as of Qi 2021, which resulted in 16.8 million new users of Q4, 2021.
This puts Coinbase ahead of other crypto exchanges in the United States, and also cause it has good security measures.
Popular memecoin Dogecoin, will be supported on Coinbase pro crypto exchange.
Coinbase announced that deposits for DOGE account begins ist June and trading will go live on June 3 as long as liquidity specifications were met.
Coinbase executives had indicated initially that the U.S based exchange would add support for dogecoin.
This rallied the price of DOGE massively after the announcement.