OKCoin Japan, the subsidiary of OKCoin which is one biggest cryptocurrency exchanges announced that they are the first local digital asset exchange in Japan to offer TRX staking to its users.
— TRON DAO (@trondao) August 24, 2022
TRX staking on the OKCoin Japan would be available starting August 29th as long as the user have a minimum of 100 TRX available on his account and the staking reward has a maximum annual rate of 3.88%.
TRON would be the latest cryptocurrency available for staking on OKCoin Japan alongside IOST.
OKCoin Japan started supporting TRX on its platform last February.
What is OKCoin Japan?
OKCoin Japan is the Japanese subsidiary of OKCoin 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 who 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:
The list of supported cryptocurrencies of OKCoin Japan:
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.
📅June 26 – July 3 pic.twitter.com/BNDKaQ5cpd
— TRON DAO (@trondao) June 26, 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.
With TRX staking now available on OKCoin Japan, there is a big possibility that more Japanese-based digital asset exchanges to support staking with TRON on their platforms very soon.
For more news and updates, see Tron Spark.