Japanese Giant GMO Enters Cryptocurrency Exchange and Trading Business

[kreslik.news]

GMO Internet, Inc. (TSE: 9449) revealed today that it has decided to participate in the cryptocurrency exchange and trading business and established GMO Wallet Co. Ltd. on October 11, 2016. Headquartered in Tokyo, the conglomerate is one of the biggest players in Japan’s IT infrastructure, e-commerce, and payment processing businesses and also operates a giant online financial trading subsidiary, GMO Click Securities Co. Ltd.

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Explaining the background to this decision, GMO details how in recent years cryptocurrencies, including Bitcoin and Ethereum, are increasingly utilized in a variety of ... (read more)