• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
japan

Deutsche Bank Veteran Jumps Ship, Joins Japanese Crypto Exchange

Nick Chong by Nick Chong
5 years ago
in Uncategorized
Reading Time: 2 mins read
Advertisement

Although many risk-averse individuals are hesitant to venture into the nascent cryptocurrency industry, there are some that are willing to take the plunge, including a multitude of former institutional investors, analysts, traders, and executives.

Japanese Trader Joins FXCoin As Senior Strategist

Since the inception of Bitcoin, talented individuals have flocked to crypto and blockchain startups in a bid to get in early on the next big industry.

Mike Novogratz, CEO of the crypto-centric Galaxy Digital, commented on the matter in an interview last year. The former institutional investor, who has also become a well-known cryptocurrency proponent, stated:

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

“I’m sure that Joe Lubin, the guys at Consensus, us at our hedge fund, and [firms] all over the place (cryptocurrency industry) have their pick of hiring people. The young people see this as the next grand opportunity.”

And even though prices have plummeted in the aftermath of 2017’s jaw-dropping bull run, there still seem to be some forward thinkers who are still ready to dive headfirst into the 21st century’s greatest invention.

Most recently, former capital markets trader Yasuo Matsuda has downed the red pill, as he took his first steps into the cryptosphere over the past few days. As reported by Bloomberg, Matsuda, who formerly worked as a Deutsche Bank foreign-exchange dealer, has been picked up by crypto exchange startup FXCoin. The Japanese trader will reportedly take up a senior strategist position and will provide reports on the daily movements of the crypto market from this month onwards.

This isn’t FXCoin’s first time poaching talent from traditional markets, as the startup, headed by CEO Tomoo Onishi, has hired over 15 individuals from established financial institutions in the past 8 months. Speaking with Bloomberg about the hope for his brainchild, Onishi revealed that along with offering trading support, he intends to build FXCoin into a go-to place for investors to keep up-to-date with the cryptocurrency industry, adding:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

“Investors won’t be able to take action unless they know what happened in the market when they were asleep.”

Although the team behind the exchange undoubtedly has promise, it is important to note that the exchange side of FXCoin’s business has still not received the green light from the Japanese Financial Services Agency (FSA). But as per a report from The Japan Times, the FSA has recently made move to double-down on its efforts to screen prospective crypto exchanges, which evidently isn’t a good sign for FXCoin.

The Japanese regulatory body, which is essentially the equivalent of the U.S. SEC, revealed that it intends to protect consumers by tightening the registration process for exchange license applicants. More specifically, insiders noted that the FSA has plans to bolster the difficulty of the questionnaire given to applicants and to require startups to submit board minutes.

Following this announcement, analysts noted that they expect for many applicants to drop out of the licensing race. But seeing that FXCoin is backed by a group of more than competent individuals, there is a high possibility that the startup will eventually be able to jump through the proper regulatory hoops to open its exchange to the public.

Featured Image from Shutterstock
Tags: cryptocurrency exchangeexchangefsaFXCoinjapanregulationYasuo Matsuda
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

North Korean Hackers Involved In Euler Finance Exploit: Chainalysis

North Korean Hackers Involved In Euler Finance Exploit: Chainalysis

3 hours ago
CoinEx Launches Pyramiding Auto-Settlement to Improve the Futures Capital Efficiency

CoinEx Launches Pyramiding Auto-Settlement to Improve the Futures Capital Efficiency

14 hours ago
Non-BetStop Casinos Australia – Best Casino not on BetStop

Non-BetStop Casinos Australia – Best Casino not on BetStop

15 hours ago
Use Multi-Signature And Social Recovery Wallets To Achieve Self-Custody, Ethereum Creator

Use Multi-Signature And Social Recovery Wallets To Achieve Self-Custody, Ethereum Creator Says

17 hours ago
Tokenizing Stocks, Bonds And Others Could Boost Capital Markets Efficiency: BlackRock CEO

Tokenizing Stocks, Bonds And Others Could Boost Capital Markets’ Efficiency: BlackRock CEO

19 hours ago
Bitcoin Bull

Bitcoin Bullish Signal: NUPL Is Forming A Golden Cross

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Orbeon Protocol (ORBN) Predicted To Skyrocket 60x At Presale Completion As Litecoin (LTC) and VeChain (VET) Pause After Moves Higher

March 19, 2023

2022’s Crypto Market Crash Distant Memory As Brands Like Metacade Lead Bull Run

March 18, 2023

Top 8 Presales in the Crypto Space for 2023

March 18, 2023

Make Money Gaming With DigiToads and Axie Infinity

March 18, 2023

Earn Passive Income with Binance Coin, Shiba Inu, and Avorak AI

March 18, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.