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Coinbase Names Mitsubishi UFJ as Banking Partner in Japan
Mitsubishi UFJ Financial Group will provide Coinbase's Japanese customers access to the exchange via its MUFG Quick Deposit product.
Updated Sep 14, 2021, 1:42 p.m. Published Aug 19, 2021, 3:33 a.m.
U.S. cryptocurrency exchange Coinbase is forming a partnership with one of Japan's largest banks to launch Coinbase Japan as part of a larger effort to expand worldwide.
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Mitsubishi UFJ Financial Group (MUFG), a bank with more than 40 million Japanese customers, will provide "MUFG Quick Deposit" for Coinbase's local users, according to a blog post on Wednesday,
The move into Japan follows a green light from the country's financial regulators, who have looked sternly at the crypto industry in recent years.
Japanese customers using Coinbase can buy bitcoin, ether, stellar, litecoin and bitcoin cash, with other listings to follow, CoinDesk previously reported. An exact date of the Coinbase Japan launch has not yet been given.
The move follows the Nasdaq-listed exchange's subsidiary registering with the Financial Services Agency (FSA), the country’s financial watchdog, in June. Coinbase said its partnership with the bank was a bid to become the country's "most trusted exchange" that is "fully compliant."
Japan's crypto regulations have been strict. The hardline from regulators stems from the fallout from a number of exchange hacks that have occurred in the country over the years, including a hack of Coincheck in 2017.
Following the hacks, the FSA and self-regulatory rules promoted by the Japan Virtual Currency Exchange Association have only increased in scope, scrutiny and intensity.
Some crypto exchanges such as Kraken initially left the country in 2018, citing rising costs as a result of red tape. The exchange has since returned to the jurisdiction as of September 2020 following licensure to its Japanese subsidiary, Payward Asia Ltd.
Read more: Japan’s CBDC to Get a Clearer Picture by 2022, Says Government Official: Report
UPDATE (August 24, 2021, 1:15 UTC): Adds information on Kraken's return to Japan via its subsidiary Payward Asia Ltd.
Higit pang Para sa Iyo
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Higit pang Para sa Iyo
Dogecoin, PEPE rocket as much as 25% as 2026 starts with a bang for memecoins
The broader meme coin market is heating up, with CoinGecko's GMCI Meme Index showing a market value of $33.8 billion and a trading volume of $5.9 billion.
Ano ang dapat malaman:
- Dogecoin and Pepe led a significant meme coin rally, with Dogecoin rising 11% and Pepe surging 17% in a single day.
- The broader meme coin market is heating up, with CoinGecko's GMCI Meme Index showing a market value of $33.8 billion and a trading volume of $5.9 billion.
- Traders are speculating on meme coins as a high-risk, high-reward opportunity amid uneven liquidity and a lack of clear macroeconomic catalysts.
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