Monex CEO Oki Matsumoto said it would be a “very good thing” for them if competition in the market decreased.
FTX Japan, one of four FTX assets up for sale, caught the eye of Tokyo-based online brokerage Monex Group.
In an interview with mainstream media Bloomberg, Monex CEO Oki Matsumoto said he was interested and expressed that it would be a “very good thing” for him if there was less competition within the local market.
Matsumoto also highlighted that there is a lot of potential in the crypto market within Japan, as companies may be looking to invest in digital assets or use non-fungible tokens for their marketing campaigns
According to the CEO, Monex wants to position itself as one of the few options for local players when such a time comes.
Monex also has a majority stake in Japanese bitcoin wallet exchange service Coincheck, and last year disclosed its intention to list the crypto exchange on Nasdaq According to Matsumoto, their plans to list Coincheck on the Nasdaq exchange remain unchanged.
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Related: Crypto Exchange Coincheck Plans July 2023 Nasdaq Listing
FTX Japan is one of four FTX assets approved for sale amid bankruptcy proceedings. Other assets include stock-clearing platform Embed, derivatives platforms LedgerX and FTX Europe, and a Europe-based arm of the exchange. The court allows interested buyers to do their due diligence and view the property for sale.
Monex is not the only firm looking at FTX assets. Court filings on Jan. 10 confirmed that there are about 117 entities that have expressed their interest in buying assets from the embattled exchange. Reportedly 41 buyers are looking at FTX Japan.