Monex Group Among Potential Buyers for FTX Japan: Bloomberg

Monex Group, a Tokyo-based online brokerage company, is interested in joining the bidding for the Japan subsidiary of collapsed cryptocurrency exchange FTX, according to a report by Bloomberg.

Monex Group’s CEO, Oki Matsumoto, stated that “Generally speaking, we naturally are interested.” He also noted that it would be a “very good thing” for Monex to reduce the number of crypto exchanges it competes with.

The U.S. Bankruptcy Court in Delaware has given FTX permission to sell off assets to pay back creditors, including FTX Japan Holdings.

Parties interested in acquiring FTX Japan must submit a non-binding preliminary bid by February 1st, with the final deadline for bidding on March 15th.

Monex Group already owns a cryptocurrency exchange, Coincheck, which it acquired in 2018.