Japan’s $1 Trillion Crypto Market May Ease Onerous Listing Rules
- Exchanges would be able to list over a dozen coins in one go
- Existing system makes it hard for entrants to get market share
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The body that governs Japan’s almost $1 trillion market for cryptocurrency trading is considering making it easier to list digital tokens, people with knowledge of the matter said, a potential boost for newcomers like Coinbase Global Inc.
Under new rules the industry’s self-regulatory body is weighing, crypto exchanges would be allowed to list more than a dozen coins in one go without a lengthy screening process, said the people who asked not to be identified discussing private deliberations. Until recently, any token listing had to go through a screening that takes six months or longer, they said.