Bitcoin Forum

Despite the current bear dominated cryptocurrency market big buyouts in the industry are still occurring. Japan’s leading e-commerce giant Rakuten has announced plans to buy out a Tokyo crypto exchange.


https://cryptopanic.com/news/3016283/Japanese-Online-Retail-Giant-Buys-Bitcoin-Exchange

I think this should be the correct link:

https://ethereumworldnews.com/japanese-online-retail-giant-buys-bitcoin-exchange/

What you shared is a crypto aggregator website.

Everyone should not be surprise by everything positive coming from Japan. They have embrace bitcoin and legalize crypto already. So it makes sense that big companies in Japan are willing to take the risk to go and established trading exchanges. That country has been carrying the torch for bitcoin and the rest of the crypto industries. Let's hope that this will a good impetus leading bitcoin price to surge ahead in the next couple of days.

I hope with this good news there will be hope that the price of bitcoin will soar ... I can't wait to wait for the good news

" Plans "... this may be a few years from now or it may never happen. What I ask myself: why should this be news? I know that japan has done very good things for bitcoin, but we should not celebrate before we have concrete things. Our news channels focus very much on publishing news that are things like: "pais X promises to regulate bitcoin"; "Z company studies the possibility of adding bitcoin" nothing concrete, only promises and more promises and at the end of the day, nothing materializes. we have to focus on concrete news


People are tired of promises, so the price is no longer rise for any news

From Investopedia (https://www.investopedia.com/news/japan-online-giant-rakuten-buys-crypto-exchange/):

The acquisition will cost Rakuten 265 million yen (around $2.4 million) and will be effective Oct. 1.

So looks like it's all set and agreed, but that's definitely not a high-profile acquisition. To be honest I'm having hard time finding any info about such exchange, called " Everybody's Bitcoin", it's not featured on Coinmarketcap, which is very strange.

The entire thing could have been a stunt similar to Kodak's bitcoin mining announcement - essentially using overhyped "blockchain technology" to boost stock prices up. If so, it didn't work for Rakuten, their stock went down on the announcement day.

Of course this will be very good news, with the Japan's state announcing plans to buy Tokyo crypto exchanges. hopefully this can be one of the determinants of crypto's future for the better.

these things have nothing to do with the market and the price! the trade is happening in fiat and based on the platform's functionality and value not the cryptocurrency prices.

they are just expanding their business to earn more money, since they saw the huge volume that the exchanges can have during the bitcoin bull runs and the fees they could earn. it doesn't mean anything for bitcoin and it doesn't mean they will or will not accept bitcoin although they may already be accepting it since it is a legal currency in Japan.

Japan has always been the first in the industry and this is very positive news which will be followed by people and their growth !

Good news like this show the world that bitcoin remain  target of large investors, meaning that bitcoin has good prospects for trading currencies in the future, whether for investment or buying and selling. The more giant companies that are involved in bitcoin, the more countries will receive bitcoin as a payment instrument.

Everyone in this nation will be eager to gain more Bitcoin as Bitcoin is legal in this country in which the more Bitcoin you can get will be the more you will have to earn in the future. The concept is they are not afraid to invest now while bearish market is in effect as they see it as an opportunity that should never be miss.

Japan is suprising me very positively lately. Implementing blockchain in voting, now the biggest online retail buys a Bitcoin exchange. Only hope that other countries will follow the same patterns.

LMAO, where you staying in the last years or so? Of course Japan is very bullish because last year alone they embrace bitcoin that's why there are a lot of positives coming from their country. Not just bitcoin but the whole crypto itself.

Bitcoin mining hardware will be the next big thing that will come out from them. Companies like GMO and Triple-1 Co. Ltd will have their own 7nm miners and will start shipping then next year.

Yep, other nations should follow their footsteps so that we can see crypto boom in the next decade.

The real world is not looking at bears or bulls. They are looking at the future, and the future points to virtual currency. The mass adoption is underway. You can see that gradually, countries are regularizing ways they are accepting cryptocurrency. It is a movement. These guys just took a smart decision.

Japan is a great country for the crypto world. It all started in 2017 in the spring. This country was an indicator for everyone. With its help, other countries were able to see the main advantages of bitcoin. Therefore, this is your news only confirms the fact of the future growth of bitcoin.

Japan is a big country with its economic weight
it is open to bitcoin
If things develop in the positive direction and spread the idea
Other countries will follow the Japanese experience.

It seems that day by day, institutional investors are trying to branch out from your regular investments into something crypto-related. Perhaps they are understanding the mechanics and the benefits of owning an exchange, and given that Japan is very much an open country to bitcoin and other crypto, there's a little risk for them regarding this acquisition. Nonetheless, seeing giants branching out into the crypto ecosystem is a great leap towards adoption and wider exposure.

You are absolutely right with this. I also feel they are having a better grasp of the concepts and applications of blockchain technology to real life situation thus steady migration to digital assets. With time, all institutions will definitely embrace blockchain technology with open hands.