Measuring the Effects of Japan’s Ecom Giant Rakuten Wallet Crypto Exchange Launching in June
It was announced today 29th March 2019, that Rakuten,one of Japan's biggest e-commerce companies will be launching its own digital asset wallet, ‘Rakuten Wallet’
Launching Of Rakuten Wallet
Rakuten announced that they will begin accepting account opening applications from the 15th of April 2019, and the wallet will be launched for use by June 2019.
They also stated in a press report, that users will be able to trade cryptocurrencies through an application on their smartphones, and their crypto will be stored on a cold wallet. Account opening will be free, they also stated.
The Japanese Financial market regulator, Financial Services Agency, on the 25th of March finally gave Rakuten regulatory approval to run an E-currency exchange platform in Japan. It was then Rakuten renamed their crypto wallet ‘RAKUTEN WALLET’
The financial services agency recently approved the launch of another Japanese crypto exchange platform, DeCurret, which is scheduled to go live in April.
While Rakuten announced that they will be delving into the digital asset exchange market, they bought over Everybody's Bitcoin a digital asset exchange platform for 265 million yen (2.4 million dollars)