[Chain-to-depth] The first time the 26 licensed exchange layout in Japan was first decrypted and the encrypted currency was accelerated


Japan Financial Services Agency (chain received)

Japan's Financial Department (chain-to-take)

According to the Japanese news report, the Japanese government announced on 18 that the "Crypto Garage" of the new settlement system of the virtual currency was identified on the basis of the system of promoting the relevant "sand box" of the new technology demonstration certification, which is also the result of Mr. Abe's power-based block chain technology. In particular, please refer to[the exclusive] Mr. Abe's statement of the block chain, and the Japanese market is at first glance.

In addition to the blockchain technology, this year, the Japanese digital currency trading industry has also had a radical outbreak.

2016 is the first year of Japan's digital currency trading industry, 2017 is the outbreak period, and 2018 is the full setback period. For details, please refer to the “2018 Yearbook of the Yearbook”: the change of the number of currency countries. The practice of currency regulation has been fully resumed. In 2018, it was pushed to the forefront, and 16 licensed exchanges were constantly inspected and rectified by the Japan Financial Services Agency. In January 2019, CoinCheck also successfully obtained a license, and the chain's researcher in Japan believed that 2019 was the year when the 17 platforms were ready to break out.

Since its inception in March 2018, the Digital Currency Trading Association (JVCEA) has been at the center of public opinion. For details, please refer to the previous report: the Japanese digital currency self-made group is finally implemented, and the blockchain association is discriminated against.

Last year, the association, with the assistance of the financial department, opened 11 trade associations for operators, and also pushed for the landing of relevant Japanese regulations, which had a huge impact. On Feb. 20, (JVCEA), Japan's virtual currency exchange association, released monthly trading data for December 2018.

According to the data, the association currently counts 17 virtual currency exchanges, with a total spot transaction of 777.451 billion yen (about 7 billion US dollars), and a total margin transaction of about 841.52 billion yen (about 76 billion US dollars). The number of accounts is 2,874,971 (the number of active accounts is 1,416,699).

At the beginning of this year, the association announced the recruitment and expansion of its members. The association's admission ticket is not cheap, but it will take advantage of the advantage that, in addition to the 17 exchanges that have acquired a trade licence as a member, nine second-class members have been added. The chain has to be counted and it is found that there are also some internal associations between these members. The following is a summary of the information for the reader.

Licensed exchanges have laid out ecological

1. Money Partners

The parent company is the Japanese old-brand FX operation company, and its company, Money Partners Group, a listed company, is one of the first exchanges in Japan to obtain a trade license. However, there is no relevant trading platform and transaction data disclosure at present. Oyama, the group's ceo, is the president of the japanese digital currency trade association. At the same time, the parent company is also a member of the Japan Securities Association, the Japan Commodity Exchange Association, the Financial Cash Transaction Association, the Japan Capital Accounts Association, and the Japanese Virtual Currency Business Association.


Quoine, the parent company of 2014 Liquid, was founded to launch Quoinex, which provides legal currency pair encryption trading services. The original company was registered in Singapore, moved to Japan in 2016 and received $20 million in venture capital. In 2017, it launched the largest ICO in Asia and sold QASH worth more than $100 million.

Link (WeChat account: ChainDD) reported on Feb. 22, the company announced that it is working with payment provider Simplex to allow users to use credit and debit cards to store legal tender on the platform. Currently, traders and investors using Liquid services can only deposit money in euros, and will soon be able to deposit dollars as well.

3. BitFlye

Founded by former Goldman Sachs employee Ghana Yusan, the company began operations in April 2014. In 2014, it accepted the investment of GMO Payment Gateway. In 2017, Sumitomo Mitsui, Mizuho, ​​and Mitsubishi UFJ increased their capital. From the operation of the exchange in August 2015 to 2017, it has been the largest trading exchange in Japan. On November 28, 2017, it announced its entry into the United States and was approved by the New York State Exchange. The current main battlefield has also moved to Europe and the United States. There are various services, including fundFlyer, BTC News, and bitWire platforms, covering trading platforms and information services.

Recently, bitFlyer Holdings, parent company of Japan's encrypted currency exchange (bitFlyer), announced that MJS Finance & Technology's former chairman, Huisho Hirako, was chairman and bitFlyer founder Yuzo Gana continued to serve as a director of the company.

4.SBI Virtual Currency Co., Ltd.

The SBI Group's exchanges, the company is mainly composed of SBI Securities, SBI Net Bank and other companies under the SBI Holdings Group. After SBI's CEO Kitao Katsuhiko and 2018 announced the strong All in digital currency, the platform went all out.

SBI Group, a Japanese financial giant that has partnered with Ripple since 2016, announced that it will officially launch the full-service cryptocurrency exchange VCTRADE in March this year, and has now opened Bitcoin (BTC) and Ripple (XRP) for SBI customers. And access to Ethereum (ETH). Kitao Kitao said that the new exchange will also support Bitcoin Cash (BCH) when it goes online. SBI said it expects its 23.47 million existing customers to flow into VCTRADE, noting that SBI's securities business has about 4.26 million accounts, online banking SBI Sumishin Net Bank has about 3.21 million accounts, and SBI mobile market has about 1.05 million accounts. Through the collaborative collaboration between business ecosystems, we will work to achieve a seamless trading environment between existing financial ecosystem companies.

5. GMO

The parent company of GMO Virtual currency Exchange (VME) is GMO Internet, 's main business as Creative Media. Although the parent company does not have the base industry of a century-old store in Japan, it is also a representative of the new reformist faction in Japan. The head of the network business of GMO in the late 20th century. "Virtual money is a new invention that can rival the Internet," said bear valley chief executive of CEO.GMO on Bit Bank, another exchange with legal trading licences. Since then, GMO in the block chain and virtual currency field has been out of control.

Mining has become one of the new directions of GMO, but the company's fourth quarter final data shows that the company's current losses amount to 35.5 billion yen (about 321.6 million US dollars) of "super high loss", including the loss of assets and should be Loss of receivables transfers were valued at approximately $104.2 million and $217.4 million, respectively. However, the company did not deny the profit model of mining. GMO representative Xiong Guzheng Shou identified the losses caused by the mining business as “temporary failure” at the meeting. He said that although the business had a loss, the business itself had no problems. After solving the cost problem, you can continue in the most favorable state. GMO has been actively promoting the practical use of virtual currency in Japan. In December last year, it announced that it began to implement wage bitcoinization within GMO this year. It also announced the promotion of the game-playing mining model.

6.Bitbank Co., Ltd.

The startup, founded in May 2014, received 850 million yen in 2017 from Ceres, a publicly traded company. CEO Hiroshimoshi also held important positions in companies such as GMO Internet,Gala, after founding Comuca. The platform is currently not a large number of users, positioning is intermediate users. At present, there are six kinds of virtual currencies that can be traded on the platform: BTC,ETH,XRP,LTC,MONA, BCC.


Parent company Remixpoint announced that the April-December 2018 settlement report showed that Bitpoint virtual currency business sales increased by 44.1% over the same period of the previous year to reach 2.003 billion yen, but operating profit decreased by 93.9% to 59 million yen. The parent company also announced a announcement that it will set up a new subsidiary, Smart Financial, to develop financial-related businesses using blockchain technology. It is reported that the new company will conduct the “first financial commodity trading business” registration application, mainly to carry out the securitization token business.


The company's DMM's exchange, called the "Tokyo Bitcoin Exchange", is now legally traded in 7. The Group, in addition to the DMM Bitcoin exchange, has another exchange of exchange, but the service is currently suspended because the transaction licence has not yet been acquired. The subsidiary DMM next currency is also a related business.

Founded in 1999, DMM is one of Japan's largest ecommerce websites, with more than 27 million e-commerce customers, and first announced plans to build a mine in September 2017, with the goal of becoming one of the world's top ten mines by 2018. And the size of the company's mines did reach the top three last year.

On December 30, according to the Nikkei News, due to the plunge in the overall digital currency market, the profitability of its mining business deteriorated, and DMM decided to withdraw the business in September 2018. The report supplemented the DMM's factory procedures, including the sale of the current mining machine, which will be completed in the first half of 2019.

9. Tech Bureau Co., Ltd.

Founded June 16, 2014, the business content is virtual currency and block chain technology. Representative product is block chain platform "mijin", virtual currency exchange "Zaif", strength is block chain technology. SBI Securities is familiar with the introduction of "mijin" this platform. 2018 officially began to develop commercial block chain, open the source code of "mijin v.2", actively import cloud block chain.

The Tech Bureau should be one of the most controversial exchanges. After the Coincheck incident last year, there were two major accidents on the exchange. The chain had previously reported that after Zaif was stolen from a virtual currency event worth about 4.5 billion yen, the company was unable to compensate, and subsequently accepted FISCO's 5 billion yen assistance. The company was dissolved on the spot and the CEO resigned.

10.BTC Box Co., Ltd.

Founded in March 2014, there are only four virtual currencies that can be traded: BTC,BCH,ETH,LTC. Although trading volume is relatively small, a system failure has not occurred in five years. The platform offers debit services that allow it to borrow Bitcoin, which holds three times the value of its assets. Last August, it also received orders from the Financial Office to improve its business.

11. Bit ARG Exchange

It was established on May 26, 2017. On December 1, 2018, it was granted a license from the Financial Services Agency and became a virtual currency dealer. Originally operated by cmdLab, it was operated by BitARG 100% on July 1, 2018. On August 4, 2018, the Kanto Finance Bureau pointed out that the subsidiary's business was different from that of the parent company. In this case, it was necessary to re-register the virtual currency dealer, so it was ordered to stop all business. The platform has stopped trading and is expected to open again in April 2019.

On April 23, 2018, the company was wholly-owned by Yahoo through its subsidiary Z corp. On February 4, 2019, the platform was renamed TaoTao. "Tao" comes from the "Tao" of Chinese, with moral, aesthetic, and philosophical meanings. Obviously, the target is directed at Chinese users. The only virtual currency that can be traded at present is Bitcoin.

12. Fisco Virtual currency Exchange

The company, which was founded in 1995 and was publicly listed on the Nasdaq, set up a bitcoin exchange in April 2016. The exchange's business was announced at the end of August 2016. The trading volume and the deal data are not yet disclosed. The biggest move in 2018 is that the parent, FISCO Digital Asset Group, has provided 5 billion yen to the stolen exchange, Zaif, to make up for the loss of Zaif's users. More than half of the directors and supervisory officers from FISCO have taken over the platform.

13.Bitgate Corporation

On March 31,2010, the exchange for the operation of FTT Co., Ltd. was established on March 31,2010. In December 2017, it was recognized by the Japan Finance Office as a registered virtual currency transaction operator. The virtual currency that can be traded is only one of the bitcoin. The original FTT, which was renamed as Bitgate Co., Ltd. in April 2018, was a company engaged in investment advice and investment agency business.

February 5, according to cointelegraph, the Japan Securities and Exchange Commission has launched a mandatory investigation into Dongxiang Securities (Dongxiang Securities), parent company of the Virtual currency Exchange (Bitgate). According to Japanese economic news and other media reports, the alleged payment of foreign exchange transactions to a number of customers, resulting in customer losses. The mandatory investigation revolves around foreign exchange trading, but factors such as a decline in the image of the Bitgate will also affect the launch of the virtual currency business.

14. Bittrade Co., Ltd.

In September 2016, it was established with a investment of 1 million yen. It is mainly preparing for foreign exchange trading platform. In February 2017, it began to engage in digital currency trading business. The company name was changed to bitTrade Co., Ltd., and FX Finacial investment was obtained, accounting for 14.9% of shares. May The investment ratio mentioned 25%, change coach in June, change coach again in May 2018, and change coachy again in September by Huobi Japan Holding Limited. For details, please refer to the [chain exclusive] fire coin 500 million yen "buy" Japan's legal trading market, what are the ways to make money behind?

It also uses MoneyToday, a media platform, to popularize financial knowledge and digital currency information.

15. Xtheta

Founded in May 2017, the founder Muto Koji is one of the exchanges in Japan that has obtained a trading license for virtual currency dealers. According to the data of the Japan Virtual Money Trading Association, the current number of platform users is 3.5 million. The foreign media commented that Xtheta's intelligence collection is relatively complete, but the 5% fee is somewhat high.

In December last year, it received an investment of 180 million yen from the listed company Ceres (Taiwan 1 stock code: 3696), which is the parent company of the second-class member company Mercury mentioned below.

16. BitOcean

Established on May 12, 2014. Recognized by the Japan Financial Services Agency in December 2017, it is the 16th-ranked virtual currency dealer and the last platform to obtain a trading license after the Coincheck incident in Japan. The only virtual currency that can be traded is Bitcoin. The main business of the platform is virtual currency trading, BitOcean ATM, Internet information providing services, Internet advertising, virtual currency trading auxiliary services, virtual currency business support services, and overseas business support services.

The company was acquired by the exchange BitMEX in December 2018 and intends to enter the Japanese market.

17. Coincheck Co., Ltd.

The original name of the company was reshupress, which was set up in 2012 and began to operate Coincheck in 2014 and began to provide bitcoin transaction service in November 2015. In August,2015, the company's Association of Japanese Value Records (JADA) supervisor and Tian Huang, which was previously mentioned in the paper, held the company's CEO until March 2017. The name of the company is changed to Coincheck Co., Ltd. At the top of the bitcoin, the platform quickly expanded the currency of the transaction, when there were 13 currencies at the same time, more than the first bitcoin (6 in the transaction currency). However, in January 2018, it has not been approved by the Finance Department of Japan. In April,2018, the Monex Group received a licence and, at the same time, received a licence from the Japanese Virtual Currency Trade Association, which was recognized by the Japanese Virtual Currency Trading Association, which was directly included in the first category.

There are currently 9 transactions in the transaction currency approved by the Office of Financial Services. The exchange has rewrote the history of digital currency transactions. Please click to see the "exclusive] Coincheck theft incident: three wins and five butterfly effects."

Class II members have a deep background, holding their thighs one after another.

On February 1, the Japanese Virtual Currency Exchange Association (JCVEA) announced the addition of nine companies to the "two-level member" list, namely, Money Forward Financial, OKCoin Japan, Mercury-inc, FXcoin, DeCurret, and so on. The second category is mainly a number of companies that are currently applying for licences in the Office of the Financial Services, i.e., a candidate platform for the legalization of a licence. The chain has to be set up for the past life of the nine companies.

Figure 2

Founded on December 15, 2016, initially operated by Traders Holdings, it was fully acquired by Japanese ecommerce giant Lotte in August 2018, followed by two additional capital increases. The platform began its virtual currency exchange service in March 2017 and is now applying for registration as a virtual currency trader. However, business improvement orders received from the Kanto Finance Bureau in April last year are continuing to improve. January 4, 2019, officially became the second member of Japan's Virtual currency Trading Association (JVCEA).

One of the features of the current trading service is that foreign currency balances are converted into Japanese currency, and the corresponding Japanese currency balances are transferred to the bank account of the user's login. But the virtual currency does not have the above function, makes the user need to transfer out manually, some inconvenience. The business is mainly spot trading and leveraged trading, one of the few 25 times leveraged exchanges in Japan.

At present, it is listed on Rakuten, Japan's largest e-commerce platform, and is ready to open a new business for the payment application Rakuten Pay.

2. Corporation Last Roots

Founded in June 2016, a new virtual currency, c0ban, was issued to fund the ICO, with 630 million yen over a year. The name is pronounced in Japanese as the currency used throughout the country in the early Edo era. The operating model is to look at the money received in advertising, allowing users to withhold cash at designated restaurants. In 2016, the FinTech Summit hosted by the Financial Agency and Japan's Economic News was hosted by the Financial Agency and Japan's Economic News. Last Roots won the "IBM Blue Hub" award. It raised 100 million yen in September 2016, followed by the launch of the c0ban online wallet, the c0ban Android App,c0ban Exchange, and the completion of the eco-layout of c0ban. Business improvement orders were received last April.

Received financing from SBI in December 2017. In January 2018, the valuation was over 30 billion yen. SBI financing was received again in August 2018, but the platform is not yet an exchange certified by the Financial Services Agency.

3.LVC Corporation

Founded at the end of January, LVC is a newly established trading platform for LINE, which mainly depends on Line to develop virtual currency and block chain-related undertakings, and uses information security technology of Line. Line's block chain company set up unblock ventures Limited, a fund based in Hong Kong in August 2018, to invest US $10 million in LVC, Inc., of the LINE Group.

The BITBOX service, launched in July 2018, allows users to trade more than 30 virtual currencies worldwide in addition to Japan and the United States. In addition to Japanese, this trading platform can provide services in 15 languages, such as English, Chinese, and so on. At present can only carry on the currency transaction, cannot realize the French currency transaction.

4.Coinage Co., Ltd.

Established in October 2017, it is a subsidiary of the listed company UNITED (the parent company CEO Hayakawa and the regulations, Japan's new three board Dongzhen Mothers listed company, stock code 2497). Coinage is not yet eligible to log in, so virtual currency trading is not yet available. In addition to human resources and after-sales service, the company's official website is not recruiting. All other positions are recruiting talents. This year, we should focus on license application and framework construction.

5.Money Forward Financial Co., Ltd.

Established in March 2018, it is a subsidiary of Money Forward. At the end of September 2018, the virtual currency web media "Onbit" was launched, which is intended to promote the correct understanding of virtual currency transactions by users and reduce the transaction risk caused by incomplete knowledge. The information provided by the website includes information such as virtual currency news and virtual currency exchanges.

The company plans to obtain virtual currency transaction registration at the end of March this year. In the spring of 2019, it provides virtual currency trading services. The types of virtual currency scheduled to be traded are BTC, ETH and BCH.

6.OK Coin Japan

OKCoin was founded in 2013 by prominent investors in the United States, and there are now five virtual currencies that can be traded. Support RMB and US dollar, do not support yen trading for the time being. At present, the Bitbank Exchange in Japan is a partner of OK Coin. Although it costs a small fee, it can use OK Coin. through the Bitbank Exchange. The future development of OK Coin in Japan depends on the moderation of China's regulation of virtual currency.

7. Mercury Co., Ltd.

Founded in September 2017, it is a wholly owned subsidiary of Ceres. The XEM and WAVES businesses were launched in December and are currently applying for registration as a virtual currency dealer. In December 2018, after accepting the investment of Xtheta, a licensed exchange company, the CEO was also Wu Teng Hao, Xtheta, and the technical support was COO Yamamoto.

When Mercury was founded, it took advantage of the parent company Ceres' affiliate, another licensed exchange, Bitbank (Bitbank was still a new regulator, and did not obtain a trading license), setting a preliminary operational framework for Mercury. Mercury is currently involved in the Fintech Association of Japan, the Japan Venture Capital Association and the Japan Interactive Advertising Association.

Moppy, another Ceres-owned accounting system, is currently working with PayPal to develop user access.

8.FXcoin Co., Ltd.

It was established on September 21, 2017, and was invested by Money Partners Group on January 30, 2018. Information services began in September. The current president of the name is Oyama Taiquan, president of the Japan Virtual Money Trading Association. The actual CEO is Daxi Zhisheng, and the technical control is the company's CFO Zhongxi Dianyan.

Mainly to assist the construction of the business structure of Money Partners' own licensed virtual currency exchanges, especially when the parent company Money Partners is preparing to make a big impact in the virtual currency trading market, the operational management of FXcoin's management layer is indispensable. According to Bloomberg News, FXcoin has joined Matsuda, who had worked for Deutsche Bank in Germany, and FXcoin founder Daxi Zhisheng was also a Deutsche bank employee. The platform also robbed many HSBC, Nomura Research, and Mitsubishi UFJ staff.

9. DeCurret, Inc.

In January 2018, the IIJ-funded digital currency trading company, with a 35 percent stake, aims to promote a cash-free society. There are also 18 large Japanese companies we are familiar with: Ito Chung Commercial, JR East Japan passenger Railway, Sumitomo Mitsui Bank, Mitsubishi Tokyo UFJ Bank, and so on. The company is also advised by Mr. Murayashi of the Mitsubishi Tokyo-based UFJ Institute. In the second half of 2018, it entered the digital currency market through its wallet business, which is expected to cover all aspects of transactions, payments and so on. (this article launches the chain exclusively, authorizes titanium media App to publish, the material comes from the public network material, author: Yuqin)

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