Coinbase was founded in 2012 as an easy and trusted place to buy and sell Bitcoin. Since then, Bitcoin has spawned an entire industry with thousands of different blockchains, tokens and projects. Today, we offer much more than bitcoin trading, enabling over 68 million users, 8.8 million monthly transacting users, and 9,000 institutions in over 100 countries to easily and securely invest, spend, save, earn, and use crypto.
Today we are excited to be launching Coinbase in Japan, one of the first countries to embrace crypto and one of the largest markets by crypto trading volumes in the world.
In line with our global strategy, we will aim to be the easiest to use and most trusted exchange in Japan that’s fully compliant with local regulations. That’s why we are also excited to announce our partnership with Mitsubishi UFJ Financial Group (MUFG) — one of the largest banks in Japan serving 40 million Japanese customers. Our partnership with MUFG will help millions of people in Japan access our platform quickly and begin trading on our exchange by offering MUFG Quick Deposit for all customers in Japan from day one.
Today’s launch is just the beginning. Coinbase is committed to increasing the use of crypto in Japan by bringing a best-in-class product offering to Japanese customers. We will be launching retail products first including a suite of five top assets based on trading volume, and will add more assets and products in the coming months. We also plan to introduce more localized versions of globally popular services such as advanced trading, Coinbase for Institutions, and more in the future.