Tomorrow 31th May (Japan time) will open internet giant GMO Btc trading platform

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: Mbokani on June 10, 2017, 07:36:16 AM

What is the status of this big development,did they successfully start their business ,if so, i could not really see any major changes in price,if they become functional i am sure there will be a market rally once again,since you can expect millions into bitcoin with trading platform like that.

i read an article that they opened their bitcoin exchange platform and was greeted with an overwhelming demand.
here is the link:
https://bravenewcoin.com/news/japans-largest-forex-market-opens-bitcoin-exchanges-to-overwhelming-demand/

although i have visited the website and sadly it is fully in Japanese and doesn't have English version.
but with a lot of working around this problem i managed to use google translate and sign up and go around a bit. it seems like a good platform but i could not find anything on their daily volume.

so if anybody has any information on their Vol it would be great if they could share it.

Mbokani

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What is the status of this big development,did they successfully start their business ,if so, i could not really see any major changes in price,if they become functional i am sure there will be a market rally once again,since you can expect millions into bitcoin with trading platform like that.

formajocoto

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In Japan after GMO other new big exchanges platforms should open, always regualted by the Japanese Financial Agency.
Anyone know anything about other new jap exchanges?

szpalata

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Quote from: cybersofts on June 03, 2017, 10:27:29 AM

Quote from: formajocoto on May 30, 2017, 08:23:00 AM

Will this affects price?

GMO is a Japanese trading platform for Forex, Equities, Stocks and now Bitcoin, it is insured for hacker attacks and regulated by Japanese Financial Services Agency

Wow, what a welcome development! Bitcoin will continue to grow everywhere for now and the sky is just the a starting point Kiss

I absolutely agree with you pal, Bitcoin has already transformed the life of some of us so it's no news that it's going to further strengthen our base financially by these welcoming news of global adoption and demand.

cybersofts

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Quote from: formajocoto on May 30, 2017, 08:23:00 AM

Will this affects price?

GMO is a Japanese trading platform for Forex, Equities, Stocks and now Bitcoin, it is insured for hacker attacks and regulated by Japanese Financial Services Agency

Wow, what a welcome development! Bitcoin will continue to grow everywhere for now and the sky is just the a starting point Kiss

Pettuh4

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Quote from: Chin Cheng on June 02, 2017, 03:12:43 PM

I just remembered this thread and on looking at the site,they still did not launch the site for bitcoin based trading as they once again postponed the release because of the delays caused by the network it seems,lets see how things pan out and lets see what their decision will be.

So how much of a waiting time are we talking about to see what their decisions will be? It's been going in for a long time now without any concrete conclusions and so are we going to be promised all the time without the GMO trading platform coming into fruition?

epitome

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Quote from: CyberKuro on June 02, 2017, 03:40:00 PM

It seems unconfirmed transaction become another problem for GMO which has postpone the launch.
But, glad to hear big exchange joiningthe market with 0 fees, "The company states that trading fees are “0 yen” for all orders. Customers can trade 24-7 on the Z.com Coin exchange, starting at 0.001 bitcoin."
As bitcoin has been legalized in Japan, this should be another increase for bitcoin in there.

Sure we need more zero fees exchanges and with all the Chinese exchanges making a come back after a long break allowing users to withdraw their coins and i would like to trade in countries where bitcoin is legal and it looks they are a good choice and hope they will start a robust system and attracts more investors.

CyberKuro

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Quote from: equator on June 02, 2017, 03:17:12 PM

Quote from: Chin Cheng on June 02, 2017, 03:12:43 PM

I just remembered this thread and on looking at the site,they still did not launch the site for bitcoin based trading as they once again postponed the release because of the delays caused by the network it seems,lets see how things pan out and lets see what their decision will be.

It is not easy to start a exchange just like that they have to first secure fully with full security and then the network should be installed strong and after that they have to test it so many times so that minor mistakes can be rectified. So i think first they solve all the problem after that if they start then it will be very good option.

It seems unconfirmed transaction become another problem for GMO which has postpone the launch.
But, glad to hear big exchange joiningthe market with 0 fees, "The company states that trading fees are “0 yen” for all orders. Customers can trade 24-7 on the Z.com Coin exchange, starting at 0.001 bitcoin."
As bitcoin has been legalized in Japan, this should be another increase for bitcoin in there.

equator

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Quote from: Chin Cheng on June 02, 2017, 03:12:43 PM

I just remembered this thread and on looking at the site,they still did not launch the site for bitcoin based trading as they once again postponed the release because of the delays caused by the network it seems,lets see how things pan out and lets see what their decision will be.

It is not easy to start a exchange just like that they have to first secure fully with full security and then the network should be installed strong and after that they have to test it so many times so that minor mistakes can be rectified. So i think first they solve all the problem after that if they start then it will be very good option.

Chin Cheng

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I just remembered this thread and on looking at the site,they still did not launch the site for bitcoin based trading as they once again postponed the release because of the delays caused by the network it seems,lets see how things pan out and lets see what their decision will be.

aoluain

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There are links posted above. Trade.z.com is the address.

I did some searches for news about this and it seems to be coming from crypto news sources.
I would like to see main stream news articles or news from the GMO site itself.

i visited the site and bitcoin is not listed as yet?

RoommateAgreement

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Bazinga!

does anyone have a link to the trading platform itself?
i have heard that this platform maybe a trading place with zero fees. i want to check and see if they allow people from other countries to also register and trade there.

that would be very useful. a regulated exchange in a bitcoin friednly country with zero fees!

Doms

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Any news coming from Japan seems to be affecting the price in a positive way and I think more of these financial giants are going to get their feet wet on bitcoin especially that there's a ruling in Japan that says they will stop applying consumption taxes on cryptocurrencies. Alt coins are also making big waves and it can only push the price higher once there are more financial firms that are approved to join the market.

digaran

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🖤😏

How big of a giant they are? it's just a trading platform with other options to trade with but is it privately owned truly or is under control of the government? do you know that the price wouldn't magically increase or decrease unless there is a demand for it or a sell off(dumping).
Since Bitcoin is decentralized network and market there is no single point of failure like in traditional markets where only a sentence from a president could have a huge impact either positive or negative, but maybe the recent price rise is somehow related to this? I don't know before further research.

SingAlong

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Quote from: giveen on May 30, 2017, 09:14:43 AM

I never expected japan to be so dedicated. When i heard them adopting bitcoin as a currency i was like ok fine we will see and little increase in price, but japan became a player it added bitcoin to more than 100k stores , made freakin multiple atm in the country and now it's opening the largest trading platform also. I wish it's neighbour china was also like this.

Japan really acts fast as to what I expect but regarding Bitcoin it is surprising how it was openly accepted with the strong support of the government. It is not a long time ago when it has announced its acceptance but look at now how Bitcoin's roots are digging deeper and spreading. Also a lot of companies there has been into with Bitcoin and now this which is a really good news. Bitcoin also is used in paying flights you have booked in airlines.

roober

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looking forward to the updates from Japan

TryNinja

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Quote from: Chin Cheng on May 31, 2017, 04:40:17 PM

I am not sure where this news popped but a google search could not find any valid news regarding this,is it possible to provide some sort of link to verify this news so that i could make up my mind on what to do next and if this is true,the price of bitcoin can increase in the coming days.

https://www.cryptocoinsnews.com/japanese-internet-giant-gmo-launching-new-bitcoin-exchange/
http://www.newsbtc.com/2017/05/09/japanese-e-giant-will-launch-gmo-z-bitcoin-exchange-two-weeks/

Then they delayed one week:
https://news.bitcoin.com/japanese-internet-giant-gmo-postpones-launching-bitcoin-trading-platform-may-31/

Glad to hear so many good news about Bitcoin in Japan. Looks like my desire to travel to Japan does not stop growing and is not without reasons.

Chin Cheng

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I am not sure where this news popped but a google search could not find any valid news regarding this,is it possible to provide some sort of link to verify this news so that i could make up my mind on what to do next and if this is true,the price of bitcoin can increase in the coming days.

Qunenin

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Not many people jump right in at the launch of these exchanges anymore. There is a huge wall of trust that is impossible to get past these days. When exchanges that were open for years bail and keep the cash, then not many people trust a brand new one. It will take some time and that means supporting yourself within the site for that starting period. That and dealing with the various pressures at the legal level. Get past six months and an exchange might have a shot.

Kprawn

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They are traditionally a over-the-counter foreign exchange (FX) margin trading platform, and I see they are offering the same for Bitcoin, so this

might be more successful at the start, because users are more familiar with that. The zero trading fees are also a good incentive to use this

platform. I hope they will be able to launch soon, because I see international traders are welcomed. Grin

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