• Bloomberg

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The largest U.S. cryptocurrency exchange has teamed up with Mitsubishi UFJ Financial Group Inc. to start a cryptocurrency exchange in Japan, allowing account holders at the nation’s biggest bank to buy and sell virtual currencies.

Coinbase Global Inc. secured regulatory approval earlier this year in Japan, where 31 companies are registered to trade the assets, and faces local competition from companies such as Coincheck Inc., owned by Monex Group Inc., and GMO Coin Inc.

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