$50 Million: Singaporean Entrepreneur Buys Licensed Japanese FX, Cryptocurrency Exchange

A Singaporean national has acquired licensed Japanese cryptocurrency exchange BitTrade and affiliate FX brokerage FX Trade Financial in a S$67 million ($50 million) deal. BitTrade, one of only 16 regulated cryptocurrency exchanges to earn a license from Japan’s Financial Services Agency – the country’s financial regulator and watchdog – has now been acquired as a