Bitcoin Forum

Japan's largest Forex market opens Bitcoin exchanges to overwhelming demand, https://coin.z.com/jp/index.html

Japan is turning into a full-blown bitcoin hub. The interesting fact is that GMO, world's largest forex brokerage in terms of volume are behind this exchange. This opens a huge new possibility for bitcoins. What if in the future Forex giants like GMO and forex.com started offering bitcoin trading.

Source: https://bravenewcoin.com/news/japans-largest-forex-market-opens-bitcoin-exchanges-to-overwhelming-demand/

One thing for sure is that big companies whatever nature they might be are all looking for ways to generate more revenues and expand their market share in the process. It would not then be surprising if many forex trading companies will soon jump into the Bitcoin bandwagon which is more attractive and more profitable to make business with as of press time. Japan is getting to be a powerhouse in Bitcoin and with Japanese having a good rate of savings available we can expect a gargantuan demand for Bitcoin that is slowly pushing the currency back to $2,700 level and maybe $3,000 before the year ends.

I don't think it will take long time for those forex giants to join bitcoin rush. Demand for bitcoin is growing in every country and as Japan being one of the country that accept bitcoin just as another currency, this news is not quite surprising. More and more forex trading platform will start bitcoin trading soon.

Yes soon bitcoin will join forex as bitcoin demand increases as well as transaction even lots of people using bitcoin for there foreign visits . Big forex ventures willl include bitcoin in their exchange not only bitcoin some of the altcoins like ether, ltc and dash will be includ d

I don`t want altcoins to accepted by the forex platforms.All the altcoins are unstable and vulnerable
to attacks and price manipulation.
Bitcoin is the only cryptocurrency that deserves the right to be included in investment portfolios and forex markets.

actually no they will never add any altcoin if they are in their right minds!

you see, when you talk to people outside of crypto circles, you can clearly see that not even one person has ever heard the term altcoin or any of their names. it is just us in this community that keep hearing their names and that is only because it is kind of a targetted advertising to fool people into invsting in them.

many even call altcoin market as penny stocks!

This is huge news, every trader on japan is aware of this market. If only we could solve the scaling issue already, AKA stupid ass miners signaled for segwit so we can avoid UASF, we would be at $100,000 already, but those dumb asses are asking for it, so UASF is coming since it's the only way to scale bitcoin without their dumb computer illiterate occurrences.

That's right. After such event many other forex trading companies will follow to increase people's opportunities and the profit of such companies.

This is great news. As soon as the news is expanded through forex traders who keep using Japan largest forex market the price of bitcoin will start to rise because many other traders will know about bitcoin. Once they realize its usage and how good it is for privacy for doing online transactions many of them will want to jump in and to use bitcoin.

when i heard this news a week ago or so when they were still in the finishing period of the new platform, i knew it is going to be big and i actually went ahead and bought some more bitcoin and we saw today price has gone up about $100 more. this may very well be the effect of this news.

and remember that Japanese used to be huge in bitcoin trading, Mt Gox which had 75% of the volume back in 2013 was based in Japan. and this is more like a come-back but this time regulated and much bigger.

I think Japan turned a new page after Mt Gox and learned from their mistakes. Do not expect them to tolerate any of that nonsense with these

new exchanges. In any way, they are not trading in Bitcoin directly... but rather in a tokens. No matter what token is involved, it is still directed

at Bitcoin and that is good. They did not throw out the baby with the bath water after MtGox.  ;D

Is this news confirmed? If it is real news, then Bitcoin has received another major boost. But I am still waiting for the SEC final review for the Bitcoin ETF. If the ETF is approved, then the boost is going to be huge.

are you sure that is the correct link? because i remember reading they are planning on adding bitcoin to their platform to be traded in forex market by them and also start a new bitcoin exchange platform dedicated to real bitcoin trading. and i can't understand what that link is since it is in Japanese and apparently their official website.


yes it is a legit and big news. and also nobody cares about SEC and what US does with its ETFs and bitcoin anymore :)
the rest of the world are adopting bitcoin with open arms, US is nothing in front of them at this point, they lost their chance.

Bitcoin is heading to the promised land >>> ;D

Bitcoin will join the largest forex of Japan, what is the demand is very big and will also increase transaction bitcoin, even many people who use bitcoin because there are visits abroad.

I absolutely agree, it's heading to the moon and it's so enticing I don't want to keep any part of my May income for anything than to invest in more Bitcoins. The Japan exchanges together with similar events abroad are driving the demand of Bitcoin like crazy and a corresponding increase in prices is evident for all to see.

If they include bitcoin into their existing forex platform, what would happen with existing bitcoin exchanges? It would be much more easy to trade with bitcoin on forex sites instead of 'shady' exchanges...
I know that altcoin trading is only possible on the exchanges, but if it will be possible to trade bitcoin for fiat currencies without a hassle, would anyone need altcoin for pump and dump game? There will be much more possibilities on the forex sites to trade bitcoin.

Dude, this argument was literally tied against Bitcoin this whole entire time of Bitcoin's existence... It is very clear that global markets are becoming a real thing, and with that, global currencies will need to be a real thing as well.  Arguing that Bitcoin is the only cryptocurrency that "deserves" to be traded in forex markets is naive.  I agree that 99% of altcoins on the market are scams... but there are a few out there that are making real progress in improving cryptocurrencies and improving the experience for cryptocurrency users.

Want fast payments? Litecoin.  Want to run a decentralized application? Ethereum.  Want private/fungible payments? Monero.

These improvements are as good for Bitcoin than the other altcoins itself... Bitcoin is literally what all other altcoins are "backed" off of, it is the cryptogold.  So what is good for altcoins, the projects that are making actual improvements in the cryptosphere, is also good for Bitcoin indirectly.

Oh nice!   Japan is a forerunner in alot of things, and they also have a huge young population as theirs grows old at crazy rates, people aint having babies there as much anymore, so watch Japan to be one of the ones to lead :D
They made their moves a few months ago, so seeing this is just a WONDERFUL follow-up, thx for the info man!

Wow! Those guys have a one-letter domain name! This is not some lousy start-up with funds borrowed from mum.
Good that such a company believes in BTC.

Japan is setting us examples on how things will be and i am not surprised how things are moving so fast after Japan regulated bitcoin and they have single handedly contributed to the price breaking new records and hope the SEC will consider these things too when it comes to accepting the ETF and even if they once again rejects the proposal it wont make much of a difference.