ALTIMATES, a community-based cryptocurrency arbitrage trading firm, enters into the Japanese crypto market.
The cryptocurrency is getting popular worldwide. Japan is no exception; however, the stricter regulation and aging population are major restraints. Despite all this, Japanese crypto trading increased form 73 million yen in October 2020 to over 417 million yen by the end of February 2021.
Japan still trails its neighbours in cryptocurrency adoption. A 2020 Statista survey found only 4% of Japanese residents used or owned cryptocurrencies, whereas China, India and Vietnam reported 7%, 9%, and 21%, respectively. Therefore, there is a huge scope of growth.
This is driving bigger crypto firms to foray into the Japanese market. In June, Coinbase received approval from the Japanese financial regulator to trade five cryptocurrencies. Altimates now enters into the Japanese crypto market to offer its popular arbitrage platform.
ALTIMATES crypto trading platform provides a variety of arbitrage tools and services. It enables users to conduct crypto arbitrage trades in a simple manner while generating stable investment returns.
The blockchain industry has undergone rapid growth over the past decade. In particular, cryptocurrency has greatly impacted the future of the monetary system. Similar to the traditional financial market, arbitrage trading is now an essential part of the crypto market. ALTIMATES helps traders overcome the complexities in crypto arbitrage, making it a risk-free gaining strategy.
Launched in 2019, it has been successful in benefiting investors globally through its main service, the Cryptocurrency Arbitrage Trading Community.
In June 2021, ALTIMATES was offered a brokerage contract by the cryptocurrency exchange, BINANCE Holdings Ltd. The brokerage agreement provides ALTIMATES with API support to provide better quality services to their users.