as much as I dislike Forex and everything connected with it
I must admit that this is good news for both adoption and bitcoin price
Japan and Korea being the locomotives at the moment driving the price up and increasing the demand for coins
think there will be news about japanese companies paying employees in bitcoins very soon
and this could open a flood of businesses accepting bitcoins or trading for bitcoins
Topic: the biggest Forex broker in the world added bitcoin, and it is in Japan - page 2. (Read 1709 times)
May 31, 2017, 08:07:45 AM
May 31, 2017, 05:45:05 AM
Japan is the perfect example of how governmental Bitcoin friendliness results in a much wider field of adoption ~ this is just the first step.
Another positive aspect of this is that the average joe type of people will slowly forget about the negativity that the media has been pumping into the world to make Bitcoin look bad.
If this continues, and I definitely believe so, then I wouldn't be surprised to see Japanese pension funds allocate a certain percentage of their holdings purely to Bitcoin.
Another positive aspect of this is that the average joe type of people will slowly forget about the negativity that the media has been pumping into the world to make Bitcoin look bad.
If this continues, and I definitely believe so, then I wouldn't be surprised to see Japanese pension funds allocate a certain percentage of their holdings purely to Bitcoin.
May 31, 2017, 05:36:23 AM
First of all i never knew that a Japanese forex broker was the number one forex broker in the world. But this is obviously extremely positive news for bitcoin as Japan has recently just legalised bitcoin, and now that the number 1 broker in the world has started to accept btc as well it's just a cherry on top.
Other online brokers have already offered btc trading pairs for years and it's really popular as btc prices fluctuate a lot, and traders love that.
Decent news? Yeah definitely.
Other online brokers have already offered btc trading pairs for years and it's really popular as btc prices fluctuate a lot, and traders love that.
Decent news? Yeah definitely.
There are other Forex Broker in but I don't think it let's you make a trade with bitcoin and AvaTrade is among the top Forex brokers in the world, and I think japan is gonna make their own forex broker that may make a trade on bitcoin I really think this is an additional spike up for the community and would surely make an impact with the value of bitcoin it lot's of people would really make a trade and transaction over bitcoin.
May 31, 2017, 05:04:05 AM
Now i'm not saying that this is bad news at all, no i think that this is good news. However I think we are focusing too much on forex brokers, governments legalizing bitcoin, etc. This is important but it's not as important as real people using bitcoin as a currency, in daily life, buying stuff that they want, earning an income online and getting paid no matter where they are with bitcoins.
Speculation in my opinion is nowhere as important as actual adoption and usage of btc.
But still, congratz on japan for legalizing btc and companies are sure taking advantages of this.
Speculation in my opinion is nowhere as important as actual adoption and usage of btc.
But still, congratz on japan for legalizing btc and companies are sure taking advantages of this.
May 31, 2017, 05:01:33 AM
First of all i never knew that a Japanese forex broker was the number one forex broker in the world. But this is obviously extremely positive news for bitcoin as Japan has recently just legalised bitcoin, and now that the number 1 broker in the world has started to accept btc as well it's just a cherry on top.
Other online brokers have already offered btc trading pairs for years and it's really popular as btc prices fluctuate a lot, and traders love that.
Decent news? Yeah definitely.
Other online brokers have already offered btc trading pairs for years and it's really popular as btc prices fluctuate a lot, and traders love that.
Decent news? Yeah definitely.
May 31, 2017, 04:57:05 AM
I reckon this is pretty decent news.
May 31, 2017, 04:13:07 AM
Anything relating to bitcoin getting into effect from Japan doesn't look to be a big news, because they have legalized the bitcoin usage long back which is the big news. On a sudden more than 20000 merchants all around the country started accepting bitcoin and now the rest are initiating the plans to profit through bitcoin.
May 31, 2017, 01:07:19 AM
GMO Click Securities' Annual FX Trading Volume is No.1 Worldwide in 2016 for the 5th Consecutive Year Since 2012
now this Japanese internet giant called GMO Internet Group is going to start their full scale bitcoin trading platform very soon. and it is expected to become very popular very fast in Japan.
how do you think this is going to affect the whole market?
the price is just one of them, we have seen the effects Japan had, what other effects do you think they will have, for example do you think this will change things for ETF's in US, how about regulations in other countries and their Forex brokers adding bitcoin on this scale?
edit:
now this Japanese internet giant called GMO Internet Group is going to start their full scale bitcoin trading platform very soon. and it is expected to become very popular very fast in Japan.
how do you think this is going to affect the whole market?
the price is just one of them, we have seen the effects Japan had, what other effects do you think they will have, for example do you think this will change things for ETF's in US, how about regulations in other countries and their Forex brokers adding bitcoin on this scale?
edit:
It is open now: https://coin.z.com/jp/index.html
and already meeting a large demand for bitcoin
GMO Click Securities (the company) has estimates that the market size in Japan for cryptocurrencies will grow to 1 trillion yen daily volume, or US$8.7 billion daily within a few years.
and already meeting a large demand for bitcoin
GMO Click Securities (the company) has estimates that the market size in Japan for cryptocurrencies will grow to 1 trillion yen daily volume, or US$8.7 billion daily within a few years.
Quote
Z.com Coin is offering two types of account plans for users, referred to as “Simple” and “Full Access.” With Simple, the website doesn’t ask for much identifying information, so customers can get set up quickly. However, they can only treat the exchange as a cryptocurrency wallet where they can buy coins, make deposits, and withdraw them again.
The Full Access accounts require Know Your Customer (KYC) and Anti Money Laundering (AML) documentation, but permits users to deposit and withdraw Japanese yen, and trade on both of Z.com Coin’s trading services.
The company is initially offering a Bitcoin wallet and two markets for their customer to trade. The first is a Foreign Exchange market that allows Bitcoin to be traded for various fiat currencies, called the “virtual currency FX” market. Traders also have access to margin trading, an already-very popular market type for Z.com, according to the announcement.
The other market is a more traditional Bitcoin exchange, which they simply call their “virtual currency” market. The service allows anyone to buy bitcoins for Yen, and potentially other cryptocurrencies like Ethereum in the future, and send them to their Z.com coin wallet. As with the now competing exchange BitFlyer, trading fees on the Virtual Currency market are zero.
source: https://bravenewcoin.com/news/japans-largest-forex-market-opens-bitcoin-exchanges-to-overwhelming-demand/The Full Access accounts require Know Your Customer (KYC) and Anti Money Laundering (AML) documentation, but permits users to deposit and withdraw Japanese yen, and trade on both of Z.com Coin’s trading services.
The company is initially offering a Bitcoin wallet and two markets for their customer to trade. The first is a Foreign Exchange market that allows Bitcoin to be traded for various fiat currencies, called the “virtual currency FX” market. Traders also have access to margin trading, an already-very popular market type for Z.com, according to the announcement.
The other market is a more traditional Bitcoin exchange, which they simply call their “virtual currency” market. The service allows anyone to buy bitcoins for Yen, and potentially other cryptocurrencies like Ethereum in the future, and send them to their Z.com coin wallet. As with the now competing exchange BitFlyer, trading fees on the Virtual Currency market are zero.
Jump to: