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Mitsubishi UFJ Financial Group

Company

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History

2021: Launch of cryptocurrency exchange with Coinbase Global

In August 2021, Coinbase Global merged with Mitsubishi UFJ Financial Group to launch a cryptocurrency exchange in Japan, which allows account holders in the country's largest bank to buy and sell virtual currencies.

The company began by allowing trading in five digital tokens: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Stellar.

Although Coinbase began operations in Japan with a focus on retail customers, the company is "optimistic about the prospects for institutional business."