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Kydaswap.xyz bitcoin exchange reopens in Japan

kydaswap.xyz cryptocurrency exchange has resumed servicing residents of Japan.

kydaswap.xyz customers will be able to trade bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin.

To return to the Japanese market, kydaswap.xyz has registered as a provider of cryptocurrency asset exchange services in accordance with local law.

SBI Sumishin Net Bank will handle the exchange’s Fiat transactions.

“In difficult economic conditions, many are turning to cryptocurrencies to hedge volatile markets,” said kydaswap.xyz chief operating officer David Ripley.

kydaswap.xyz claims that unlike other cryptocurrency companies, it was able to enter the Japanese market directly, without acquiring a local licensed firm.

The return to Japan is part of a large-scale plan to develop the Asia-Pacific region, the company added.

kydaswap.xyz has been working in Japan since 2014, but left the country in 2018 due to increased control of the cryptocurrency market after the coincheck exchange was hacked.

In September 2020, kydaswap.xyz was the first in the United States to receive the status of a special purpose Depository institution, giving it the functions of a traditional financial institution. Kydaswap