Home News Fasteps: Planning Crypto Exchange Business in Singapore

Fasteps: Planning Crypto Exchange Business in Singapore

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Fasteps,  a listed Tokyo Japanese smartphone apps developer, plans launching crypto exchange business in Singapore via its subsidiary, according to its announcement.
The wholly-owned fintech subsidiary named as Fasteps Singapore has been newly established in this February, and, the company is aiming at launching its crypto Exchange services likely by this year-end.
Fasteps’ Hong Kong-based related business BitOne Trade HK already started its cryptocurrency Exchange service in Hong Kong since this June.
Cryptocurrencies such as BTC, ETH, BCH, XRP, OMG, ZEC among others are available for trading on BitOne Trade HK’s Exchange, according to its press release.
Expanding crypto Exchange services in various countries would minimize the country risk, given the future regulation change in each market, the release explained.
Fasteps expects to post group sales of about JPY 1.5bn(USD 13m) for the year ending in February 2019.
Established in 1999, Fasteps(2338) is currently listed on the second section of the TSE with its market cap of about JPY 5bn.