Coinbase expands and enhances its product offering in Japan
Coinbase has been rolling out updates to its Japanese product offering, to elevate the experience of the local community.
For some time now Coinbase has been establishing partnerships with top tier institutions like MUFG. It also integrated GMO Aozora Net Bank and Au Jibun Bank so customers with these bank accounts can use Quick Deposit, which enables almost real-time transactions, 24/7 (except for system maintenance times), and with zero fees.
Additionally, through the partnership with GMO Aozora Net Bank, Coinbase enabled customers of over 1,000 banks in Japan to deposit money into Coinbase.
Also, Coinbase has tripled the number of listed assets (it currently lists BAT, BCH, BTC, DOT, ETC, ETH, ENJ, LINK, LTC, MKR, OMG, SAND, SOL and XLM in Japan). The company reviews assets as thoroughly and quickly as possible, and lists everything that it can safely and legally, considering local policy and regulatory requirements.
Finally, Coinbase has made it possible for foreigners in Japan to onboard using their residence card to perform identity verification. For Japanese customers, My Number Card was made available in addition to driver’s license as a method of identity verification.
The company says it made these updates to stay true to its mission of providing ease of use in its products, as well as its vision to increase economic freedom for everyone; opening doors so even more people in Japan can access Web3.