The Japanese e-commerce and online trading giant Rakuten has bought the Japanese cryptocurrency exchange Everybody’s Bitcoin.
According to the official Raukten announcement, its subsidiary Rakuten Card acquired 100% of the Tokyo-based exchange. The deal is worth JPY 265 million (around $2.4 million).
Rakuten notes that the decision to acquire a cryptocurrency exchange comes in response to the rising interest in crypto trading, mainly among the clients of its online securities and forex trading platform Rakuten Securities, which is one of the largest by trading volume in Japan.
Everybody’s Bitcoin was established last year and applied to Japan’s Financial Services Agency (FSA) fo...
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