OKCoin Japan, the subsidiary of one of the biggest cryptocurrency exchanges in the world, OKCoin, has announced that their Japan-based exchange would start to support TRX today.
Users of the said exchange would be able to start depositing TRX this February 14th at 5 PM JST and also mentioned that the TRX trading would launch on the 21st of this month.
As a result of the additional support for TRX, OKCoin Japan would now be handling 12 cryptocurrencies on their platform.
＼TRXの取扱い／
OKCoinJapanでは新たに#トロン $TRX の取扱いを開始します🎉
■対象サービス
取引所（板取引）、販売所■入庫受付
2月14日（月）17:00■現物取引（TRX/JPY）
2月21日（月）17:00https://t.co/cDaUrYyWHF@trondao @TronDao_JPN pic.twitter.com/WstWIuDV99— OKCoinJapan（オーケーコイン・ジャパン） (@OKCoinJapan) February 7, 2022
Japan has been very strict when it comes to regulating cryptocurrencies and just this year with the popularity of cryptos in the country, more Japanese firms are planning to test a bank-backed cryptocurrency called “DCJPY”.
Asides from OKCoin Japan, there are only a few cryptocurrency exchanges that support TRX such as BITPoint and Huobi Japan just to name a few.
Currently, most of the population in Japan still prefer to use traditional ways of payment transactions, and as crypto started to steadily grow in Japan, more businesses started accepting Bitcoins and other tokens, for example, an electronics retailer, Bic Camera, accepts payments by Bitcoin.
What is OKCoin Japan?
OKCoin Japan is the Japanese subsidiary of OKCoin and it was established in September 2017 and registered as OKCoin Japan Co. Ltd. which has a headquarters in Minato City, Tokyo.
The Japanese-based exchange is led by John Feng which is the CEO of OKCoin Japan and they are one of the few exchanges in the country to fully comply with the rules and regulations issued by the Japanese Financial Services Agency (FSA) and the Japan Virtual Currency Exchange Association (JVCEA).
OKCoin Japan offers the following services to its users:
- Buy/Sell
- Trading
- Staking
The list of supported cryptocurrencies of OKCoin Japan:
- BTC
- ETH
- IOST
- LTC
- XRP
- LSK
- BCH
- ETC
- OKB
- ENJ
- BAT
- TRX
OKCoin is one of the oldest exchanges in China that was founded by Star Xu in 2013 before it moved its headquarters to San Francisco, California. It is one of the biggest cryptocurrency exchanges in the world behind Binance, Huobi, and Kraken.
What is TRON?
TRON is a blockchain-based decentralized platform founded by the former TRON CEO, Justin Sun in 2017 and it aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.
⚒️ $TRX has been in a state of #deflation with the total amount of deflation reaching 184 million #TRX, for 14 weeks (2021.10.28-2022.02.02)!! pic.twitter.com/trrTXIQFxs
— TRONSCAN (@TRONSCAN_ORG) February 3, 2022
TRON is dedicated to building the infrastructure for a truly decentralized Internet and they have added blockchain support to different fields such as DeFi, NFT, and GameFi.
Last year, after Huobi Japan supported TRX we did expect that there would be another Japanese-based cryptocurrency exchange to add support for the TRX and it finally happened with OKCoin Japan.
For more news and updates, see Tron Spark.
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