IoTeX Expands Its Reach in Japan
IoTeX, known for its open ecosystem platform, has made a notable advancement in the cryptocurrency arena by announcing the inclusion of its native token, IOTX, on the licensed exchange CoinTrade in Japan. CoinTrade is managed by Mercury Co., Ltd., which operates under the umbrella of CERES Inc., a publicly traded entity listed on the Tokyo Stock Exchange. This platform is authorized and overseen by the Japanese Financial Services Agency (FSA), ensuring a robust compliance framework and enhanced security measures.
Significance of IOTX’s Listing
The introduction of IOTX on such a regulated platform is a pivotal step for IoTeX, marking its entrance into Japan’s sophisticated and tightly regulated cryptocurrency market. CoinTrade offers various features, including:
- Ability to stake tokens
- Fiat currency deposits
- Engagement in dollar-cost averaging
- Conversion of MOPPY points
This makes the IOTX token more accessible to a wide range of users—from newcomers to cryptocurrency to experienced investors alike.
Recent Developments
In a related move, last month saw IOTX being added to Futu (FUTU), a trading platform, along with a listing on the cryptocurrency index provider CF Benchmarks. These developments suggest that IOTX is progressively integrating into the global financial ecosystem, facilitating access for institutional investors and aiding in the enhancement of market liquidity and broader international recognition.
