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Coinbase has received $10.5 million in funding from Japanese инвесторовНовости08.07.2016
Company Coinbase in the framework of the strategic partnership received a $10.5 million investment from the Japanese Bank of Tokyo Mitsubishi UFJ (BTMU) and Sozo Ventures.
The world's largest bitcoin company Coinbase, although working in 32 countries, the market of Japan today is not present. However, as the company says, Japan is an important part of its plans for further expansion.
"BTMU will become a strong partner not only in Asia but at a global level. Japan is an important market for us, and for the development of digital currency", — quotes Reuters the words of Sam Rosenblum, Director of international expansion Coinbase.
He also added that for the past year, Coinbase works with BTMU on various projects, and the culmination of this cooperation and investment from the Japanese Bank.
According to Rosenblum, at the moment, Coinbase can not name the exact timing of work in Japan. For this the company will need to obtain the approval of the Agency finansowym services Japan.
The other new investor in Coinbase — Sozo Ventures — has headquarters in Silicon valley and Tokyo and at one time played a key role in the release of Twitter for the Japan market.
Recall that last year, Coinbase received $75 million investment. In the Asian market the company is represented in Singapore, but at the end of 2015, it was announced plans for further expansion. Also Coinbase is focused on markets in Latin America.
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