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Coinbase has been given permission to enter the Japanese cryptocurrency market.

Coinbase has been approved to operate as a bitcoin exchange in Japan. Coinbase has been granted permission to trade five cryptocurrencies by the Japanese financial regulator.

• The Financial Services Agency (FSA), Japan's primary financial regulator, revealed last week that it has registered Coinbase as a crypto exchange service provider under the amended Fund Settlement Act.
• Coinbase has been allowed by the Financial Services Authority to trade bitcoin (BTC), bitcoin cash (BCH), ether (ETH), stellar lumen (XLM), and litecoin (LTC) (LTC).
• Coinbase Global, a Nasdaq-listed firm, has a Japanese subsidiary that has been approved.
• Coinbase first announced its intention to enter the Japanese crypto industry in 2018. At the time, the corporation said it would "work hand-in-hand with the Japanese FSA to ensure compliance with local legislation at every stage."
• Coinbase is also a self-regulatory member of the Japan Virtual and Crypto Assets Exchange Association (JVCEA). Coinbase has been designated as a "first-class member" of the Financial Services Authority (FSA) following its successful registration. Coinbase became a “second-class member” of the JVCEA in 2018, a designation reserved for companies that have not registered with the FSA.