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Japanese brokerage company MonexGroup has announced its intention to become a leading player in the local digital asset market and strengthen its position before the crypto industry overcomes the crisis and enters a growth phase.
According to Monex CEO Oki Matsumoto, the online broker is planning to acquire Japanese exchange FTX Japan, a subsidiary of the collapsed crypto empire FTX Group.
Matsumoto noted that the cryptocurrency marketJapan has maintained its potential in part because companies continue to buy digital assets as investments, as well as use non-fungible tokens for marketing purposes.
“We are interested in acquiring FTX Japan and it will be very good if the number of cryptocurrency exchanges competing with us decreases,” explained Oki Matsumoto.
According to the decision of the judiciary, the Japanese division of FTX is exposed
up for auction as part of the bankruptcy processparent company. 41 companies expressed potential interest in acquiring the Japanese exchange, 25 of which entered into confidential agreements with the liquidation commission.
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