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Former institutional trader from Deutsche Bank joins a Japanese cryptocurrency exchange

Cryptocurrency Exchange

On September 3rd as per the Bloomberg reports, Yasuo Matsuda, a former institutional trader from Deutsche Bank joined FXcoin Ltd. in the position of a senior crypto strategist. Mr. Matsuda basic role in the crypto exchange would be to provide analysis of cryptocurrency markets and also provide daily reporting to the market’s activity.

The 49-year-old, Yasuo Matsuda has previously worked in the position of foreign exchange dealer at Deutsche bank from 2012 to June of this year.

The cryptocurrency exchange was started in September 2017 and is one of the many cryptocurrency exchanges looking to seek from Japan’s Financial Services Agency (FSA) and earlier this week Rakuten purchased a cryptocurrency exchange for $2.4 million.

Tomoo Onishi, the founder of FXcoin has also been an employee of Deutsche Bank with over 12 years of experience with the German bank before leaving his job in December last year.

Most of the employees for FXcoin are former institutional employees and includes experts from Mitsubishi UFJ Financial, HSBC, and Nomura.

The CEO claimed that the exchange is trying to do everything it can while waiting for the approval from Financial Services Agency (FSA) and plans to employ 5 more as soon as it gets approval.

About the author


Jimoh Abdullahi

An Engineer (B.Eng, M. Eng Biosystems Engineering) and freelance writer. Stacey covers cryptocurrency, the Blockchain technology, and ICT topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how technological advancement is disrupting the world as we have known it.

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