Japanese brokerage firm Monex Group has shown interest in acquiring FTX Japan, the Japanese division of Sam Bankman-Fried’s bankrupt crypto exchange FTX.
Monex CEO Oki Matsumoto has said:
“We are naturally interested.”
Although he has not elaborated on whether the firm had taken steps to bid, he has said it would be “very good” if the number of competing exchanges in the market were reduced. Since 2018, Monex has held a majority stake in Coincheck, Japan’s largest digital asset trading platform.
FTX Japan is up for sale as part of the bankruptcy proceedings of parent FTX along with LedgerX, Embed, FTX Europe and other subsidiaries.
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