Coinbase Enters Japanese Market After Completing Registration With Financial Watchdog

The move paves the way for Coinbase to begin offering five major cryptocurrencies including bitcoin and ether.

AccessTimeIconJun 24, 2021 at 3:53 a.m. UTC
Updated Sep 14, 2021 at 1:16 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

U.S. cryptocurrency exchange Coinbase is entering the Japanese market, quietly rather than with a bang.

As originally reported by CoinDesk Japan last week, the Nasdaq-listed exchange's subsidiary registered with the Financial Services Agency (FSA), the country's financial watchdog, on June 18.

The move paves the way for Coinbase to begin offering five major cryptocurrencies including bitcoin, ether, stellar, litecoin and bitcoin cash. More currencies are expected to be added once Coinbase's registration has been finalized.

Japan's strict crypto regulatory regime is not without its payoffs as it is one of the largest regions for trading in the world and a potentially lucrative venture for those keen enough to jump through the hoops.

Coinbase has been touting an entry into Japan for years and finally began making moves by engaging in a hiring spree across the country's capital of Tokyo last year.

In March 2020, Coinbase joined as a member of the Japan Virtual Currency Exchange Association, a self-regulatory organization approved by the FSA.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about