Finalto adds JPY Cryptos to Platform

Finalto is excited to announce the addition of cryptocurrencies denominated
in Japanese Yen to its already wide offering. The addition of the products is another way
the company is simplifying access to the market for traders around the world. Finalto
entered the Asian market in 2019, and has been focusing on expanding its local offering. The
cryptocurrencies Finalto have added are:

Finalto’s Chief Markets Analyst, Neil Wilson, says: “Crypto markets have been
extremely volatile in 2022 and have been caught up in the broader market selloff in riskier
assets. Japan’s been a central player in the development of cryptocurrencies and has
traditionally been the number two country behind the US for Bitcoin trading volumes.” It is
essential that traders in the region have access to cryptos in local currencies, following
the introduction of new regulations recently. Wilson explains: “Japan has been at the
forefront of crypto regulation, too. The country passed the Payment Services Act in April
2017, which recognised Bitcoin as currency. It also moved to become the first government to
issue crypto exchanges with formal licences. And this year it passed a law that defined
stablecoins as digital currencies, imposing a mandatory link with the yen and ensuring the
right to redeem them at face value.” The move should provide better access to the crypto
market for traders in Asia. However it should also help provide improved liquidity and
hedging ability for yen-denominated trades and traders, by providing more choice and access
to assets in their trading currency. To find out more information about the extensive
offering from Finalto contact sales@finalto.com. Service available only to Professional clients
and varies per jurisdiction 
– Trading involves significant risk of
loss