FXCoin Crypto Startup Adds Deutsche Bank FX Dealer For Crypto Market Analysis
FXCoin Ltd, a digital currency startup based in Japan, recently employed Yasuo Matsuda, a former staff of the Deutsche Bank, as its analyst for the virtual currency markets. The role of the analyst will be to generate daily reports regarding the performance of leading cryptocurrencies using the data and market metrics provided by FXCoin. Besides Yasuo, FXCoin has also hired fifteen other strategists and professionals, a majority of whom formerly worked at leading banks such as HSBC. The firm’s CEO, Tomoo Onishi, is a former employee of the Deutsche Bank.
However, FXCoin is one the several cryptocurrency startups in Japan that are awaiting the approval form the local Financial Services Agency. Reportedly, the regulatory authority currently has over 160 pending applications. Regarding the stalled application, Tomoo declined to issue a definitive statement, stating that FXCoin has already done what is required, and they are waiting for FSA’s decision.
Once it is launched, FXCoin will regularly publish a detailed technical analysis on several digital assets, accompanied with expert commentary on their respective performances. This will be facilitated in collaboration with Taisuke Tanaka, an independent researcher who formerly served at the Deutsche Bank as the principal FX strategist and the chair of the bank’s fixed-income research division in Japan.
Ultimately, FXCoin intends to become the leading provider of market metrics in the crypto space, availing details similarly to its contemporaries in the FX industry. Unlike FX markets, the crypto space is open throughout, regardless of the time of year, an aspect that Tomoo regards highly.