Live Casino
  • Live Casinos by Currency
  • News
  • Live Casinos by Country
  • Live Casino Bonus
  • Live Casino Games
  • Deposit methods

First crypto CFD in Japan


First crypto CFD in Japan

Monex Securities, which is a huge online security in Japan, has recently released the first cryptocurrency contract-for-difference (CFD) in this country. Japan is definitely adopting cryptocurrencies, and CFDs will play a huge role in this type of economy, especially because there has been a big spike in crypto trading.

What are contracts-for-difference

A CFD is an exchange between the buyer and seller allowing the buyer to pay the price gap between the actual and future value of the asset that’s actually being bought. This agreement in ensured via a digital contract that binds the value of that asset. Besides, CFDs are a safer way of selling and also buying crypto assets when comparing to trading using exchange sites.

Monex announced on the 8th of July that they’re opening CFDs for cryptocurrencies such as Ethereum, Bitcoin Cash, XRP and Bitcoin. This is a huge advantage for people using this type of currency and there are a lot of people who currently do. So, it was only a matter of time that this would happen. Monex should also know that Bitcoin is the best cryptocurrency for gambling but there are others.

The background for this decision

On the 1st of May, FIEL implemented a law that was about business with crypto trading. This law decided that all the business entities that would feature crypto derivatives would be advised to register their own business as a Financial Instrument Business.

According to Monex, they will add even more digital assets to their service after studying which are the current trends in demand, price fluctuation risks, liquidity risks and also crypto blockchain network risks. These are incredibly important for Monex to know, especially when it comes to the cryptocurrency gambling. These days gambling is growing in Japan and it’s possible to pay with several cryptocurrencies.

Aside from CFDs, Monex Group, which is the parent company of Monex, runs Coincheck which is a huge crypto exchange company in Japan. This one has recently announced that it’s going to support BATs (Basic Attention Tokens). These Bats will allow investors to send, receive and also trade ERC-20 token withing the exchange.

The advantages of cryptocurrencies

These days, there are a lot of gamblers who use cryptocurrencies in Japan and this means that Monex won’t find any problems all. In fact, it will find plenty of clients. Cryptocurrencies are anonymous and work very well when it comes to payments and that’s why they have been so popular in the last years.

Recently, gambling coins had a huge increase. The reason for this is the pandemic we’re going through. So it’s only natural that this happened. There are many people using especially Bitcoin nowadays, which is the most popular cryptocurrency. However, there are a lot of people betting on other types of cryptocurrencies like Ethereum, Litecoin, NEO, etc. Many Japanese people are searching for an live casino where they can make deposits and withdrawals using Bitcoin.

Cryptocurrencies in Japan

People who use cryptocurrencies in this country have been increasing and the reasons are multiple. But, especially, because they’re anonymous and there are a lot of people who are still buying Bitcoin, Litecoin and other types of cryptocurrencies. This means that you can do it too. And if you have any, then you can make payments using them, without any worries.

Nowadays, in Japan, it’s natural that people have cryptocurrency and even use it as its normal currency. Bitcoin is definitely the best gambling cryptocurrency because it’s accepted at most online casinos, so it’s normal that players will buy it and use it there.

TAGS:BitcoinBitcoin CashBitcoin GoldBitcoinBitcoin CashLitecoinLitecoinDogecoinDogecoin

Latest news

volution Gaming partners with JVH gaming

volution Gaming partners with JVH gaming


It was in December of 2020 that Evolution Gaming announced that it entered a partnership with JVH gaming & entertainment group so that it’s possible to supply live casino content an d services in the Netherlands.

Why everybody loves 1xBet in Nigeria

Why everybody loves 1xBet in Nigeria


Something highly important is the fact that 1xBet odds are very competitive and they’re in line with those of the best worldwide bookmakers. This operator’s strength is their wide range of listed events, which can be much higher than some of their competitors, with hundreds of different options, some even live as well.

Vivo Gaming and 7Mojos partner up

Vivo Gaming and 7Mojos partner up


Vivo Gaming welcomes, with a lot of happiness, 7Mojos as their new member. What 7Mojos does is to create next-generation entertainment solutions while they also offer an amazing portfolio of casino games, that can completely be integrated into any platform and website that’s already pre-existing or already created. 7Mojos are MGA and also Bulgaria State of Commission of Gambling licensed, which makes part of Vivo Gaming’s future’s plan to actually enter these markets and also around the world. So, this is definitely a good start. Vivo Gaming can offer an incredible Live Dealer Andar Bahar table plus unlimited blackjack, which is part of 7Mojos portfolio. There are also 22 slots and many more being developed.

LinksGambling AddictionDisclaimerResponsible GamingPrivacy PolicyTerms & ConditionsSitemap
Live CasinoRank™ is an Independent online gaming portal that delivers current and accurate information about the world of mobile casinos.
© 2021