- JASDAQ-listed financial information provider Fisco Ltd owns FISCO Cryptocurrency exchange.
- The news was buzzing all around the world of FISCO taking over of Japanese Crypto Exchange Zaif.
- The capital alliance enabled Fisco to acquire the majority of Zaif’s shares.
Zaif is a japan based centralized cryptocurrency exchange. It currently allows 11 coins and 29 trading pairs on the exchange. Since its establishment in 2015 the most active trading pair has been noted was BTC/JPY (Bitcoin and Japan Yen).
With around 11 coins in its service, it recently announced the integration of new cryptocurrency under its wing “FISCO.”
The integration of FISCO cryptocurrency was completed at 00:00 on Wednesday, 12th February 2020, today, and noticed on twitter about their integration.
— Zaif(ザイフ) – 仮想通貨取引所 (@zaifdotjp) February 12, 2020
The tweet was made by @zaifdotjp, which is their official twitter handle through which today they let their service users know about the service integration has been completed. They firmly believe it will improve the quality of the service they provide.
JASDAQ-listed financial information provider Fisco Ltd owns FISCO Cryptocurrency exchange. Fisco provides various financial services to support investors based on sharp analytical skills for each investment market.
Japan’s Cryptocurrency Exchange
The cryptocurrency exchange was in talks to integrate services with Zaif, which are two big names of Japan’s cryptocurrency ecosystems. Japan is the global leader in cryptocurrency exchange, and the main players are making their move to sustain the position in the ever-expanding market.
The news was buzzing all around the world of FISCO taking over of Japanese Crypto Exchange Zaif. And this was followed by Zaif’s hack, which claims it suffered the loss of 7 billion Yen ($62 million), and Fisco, as a fellow Japanese company, agreed to provide financial aid of 5 billion yen, which led to the both Tech Bureau entering into a capital alliance.
The capital alliance enabled Fisco to acquire the majority of the Zaif’s shares, and in November 2018, Zaif announced transferring all its businesses to Fisco Cryptocurrency Exchange Inc.
The integration is the result of that long back acquisition, which Zaif believes will surely enhance the ecosystem of japan cryptocurrency exchange and will give better user experience in terms of trading, buying, and selling.