Japanese Internet Giant GMO is Launching a New Bitcoin Exchange

[bamboylee]

I hope this one have better security and cannot be hacked or else we are just adding new problems to exchanges getting emptied by hacker. Japan is really getting into bitcoin and this is good news to crypto users.

[NavySeals]

Bump. Japanese Exchange platorms generally coming with extremely high bitcoin volumes which could mean more price increase in 2017 year. Let's wait what GMO will do. Share the updates please.

[akamit]

Japanese internet conglomerate GMO Internet Co., Ltd is launching a bitcoin trading platform on May 24th. The internet giant is one of many Japanese companies looking to capitalize on booming demand for digital currencies in the world’s biggest bitcoin trading market.

Because, Bitcoin is BOOMING! BTCBTCBTCBTCBTCBTCBTCBTCBTC

Great news!
A giant step, by a giant company and by a giant economic country to our bitcoin world.
I Hope it will take bitcoin one step ahead and reach many more people to engage themselves.

But security & trust matters.. I hope they will be enough prepared for it.

[ladypenelope]

Japanese internet conglomerate GMO Internet Co., Ltd is launching a bitcoin trading platform on May 24th. The internet giant is one of many Japanese companies looking to capitalize on booming demand for digital currencies in the world’s biggest bitcoin trading market.

Because, Bitcoin is BOOMING! BTCBTCBTCBTCBTCBTCBTCBTCBTC

Its actually a good thing that this is happening and that those who have predicted the death of bitcoin several times with facts and figures based on their imaginations will have to start a rethink on the position they have hold so dearly. Its high time countries begin to understand that the future is crypto and if they are not ready to join in, they should better give way.

Would too much regulation affect the fluidity and anonymity of BTC?

[Shiroslullaby]

This will probably increase volume by quite a bit.
Bigger demand should mean an increase in price.
The question is by how much, and if any of the current rise in price is speculation of future use, or actual current demand.

[KeyGenKing]

Japanese internet conglomerate GMO Internet Co., Ltd is launching a bitcoin trading platform on May 24th. The internet giant is one of many Japanese companies looking to capitalize on booming demand for digital currencies in the world’s biggest bitcoin trading market.

Because, Bitcoin is BOOMING! BTCBTCBTCBTCBTCBTCBTCBTCBTC

Great news!
A giant step, by a giant company and by a giant economic country to our bitcoin world.
I Hope it will take bitcoin one step ahead and reach many more people to engage themselves.

But security & trust matters.. I hope they will be enough prepared for it.

Your reaction made me smile !
Yes this is a Giant step ( for all of us )

[danherbias07]

This is one example that proves bitcoin is no longer a virtual coin used by few tech savvy people. Millionaires and billionaires are trying to capitalize on booming crypto industry, more and more bitcoin exchange platform will keep on poping out in future. Hope they will open their doors open for international traders too.

Correct and with that, those people here that are having problems to how they could buy or sell bitcoin will feel at ease. Specially if those big companies will open up branches even in other countries.
I hope it is not just Japan but even those small countries they could provide one local wallet exchange that will give them an easier option to where they could buy and sell it. Something like a bank connected wallet or an ATM machine for them.

[Tyrantt]

Japan is really taking the bitcoin seriously, as I would expect of them. So is the new exchange is open, that just might bump bitcoins price up, right?

Source. Let's see, they may do a good job. Always good to see new exchanges, especially in Japan and after all that happened throughout the years.

Thank you for adding the source,

China and India needs some homework to do, even they most admit now they can't hide anymore.
It's here, it's not going away. Never, Bitcoin will be here. Bitcoin is our next pay system.

Well China is the leader in bitcoin mining,yes? Tho, I don't know what's India doing at the moment.

[hubballi]

It is really a great news as this will be official Bitcoin exchange where we can expect that this exchange will be fair and not like chinese exchange where they manipulated the price with bogus trades.

[gentlemand]

It is really a great news as this will be official Bitcoin exchange where we can expect that this exchange will be fair and not like chinese exchange where they manipulated the price with bogus trades.

This is an interesting point. I know that they've now legitimised it in Japan. Does that also mean that Bitcoin trading is now subject to regular trading laws such as their stock markets would be?

[equator]

It is really a great news as this will be official Bitcoin exchange where we can expect that this exchange will be fair and not like chinese exchange where they manipulated the price with bogus trades.

This is an interesting point. I know that they've now legitimised it in Japan. Does that also mean that Bitcoin trading is now subject to regular trading laws such as their stock markets would be?

I think this are the points which will be benefited by the japanese exchange as they will perform legally with full transparency so that their should not be any exchange scam.

[gentlemand]

I think this are the points which will be benefited by the japanese exchange as they will perform legally with full transparency so that their should not be any exchange scam.

Obviously exchanges front running and faking trades are taken care of. But I'm wondering whether they'll treat the trading as akin to stock markets or forex. I assume forex in which case their users will still be able to pump and dump with impunity if the laws are like most other places.

[bartolo]

It´s interesting to note that many of these exchanges are not open by ordinary people but by large companies that decide to invest in Bitcoin, even a major Japanese bank will open an exchange. There are also more and more millionaires who recognize investing in bitcoin and cryptocoins. It will be interesting to see if the Japanese example extends over time to other countries. We will also have to see if big companies set their sights on mining.