The acquisition could be another step towards the first spot crypto ETF launching in Japanese markets.
BitfFlyer Holdings has acquired FTX Japan and plans to launch potential crypto-based exchange-traded funds (ETFs).
BitFlyer has completed the acquisition of 100% of FTX Japan’s outstanding shares, making it its wholly-owned subsidiary.
The new business plans to provide crypto custody solutions for institutional investors, wrote Yuzo Kano, the CEO of BitFlyer Holdings, in a July 26 X post.
