Japanese blockchain company FXcoin invested by SBI plans to launch Bitcoin trading service in May

According to Bloomberg News, the Japanese crypto startup FXcoin Ltd. plans to provide bitcoin trading services on its platform from May more than two years after its establishment, and will soon begin accepting applications for customer account opening. Tomoo Onishi, CEO of FXcoin, believes that Onishi believes that there is no absolutely safe asset, but there is evidence that in the long run, digital currency is not synchronized with traditional assets, so it is worthwhile to include it in the investment portfolio to spread the risk. Onishi said that FXcoin plans to expand its business to other digital tokens such as XRP and LTC, and eventually establish a swap market. He hopes to increase the number of employees from the current 36 to about 50 by the end of this year. In addition, Onishi expects the company to start making profits before the end of next year. FXcoin is supported by SBI Holdings and is one of 23 crypto exchange operators registered with the Japan Financial Services Agency (FSA).