FXcoin will start offering Bitcoin transactions on its platform come May of this year, despite having been around for over two years. Those who want to start a Bitcoin account can apply with the group now.
This, of course, is right at the time Bitcoin is rebounding a bit since its big drop at the start of this pandemic.
Speaking in an interview with Bloomberg is the CEO of FXcoin Ltd., Tomoo Onishi, who had said:
“There is no asset that’s absolutely safe. I’m a bull on virtual currency prices.”
The platform, based in Japan, is one of 23 cryptocurrency exchanges registered with the local FSA. Eventually, FXcoin plans to implement Litecoin and Ripple, among other cryptocurrencies, the article notes. That, and it plans to offer swaps to fight against volatility.
Recently, a Japanese exchange, BitFlyer, started listing BAT, as InsideBitcoins has previously reported on. On top of this, Japan recently launched a digital court based on blockchain tech, as InsideBitcoins has also reported on.
At the start, the court will be used for auctioning, sales, contracts, and similar issues. This court was implemented for the same reason many others implement blockchain: to save on costs but continue to carry out the same methods.