Home / Crypto News / Ripple XRP again tradable on largest Japanese crypto exchange Coincheck

Ripple XRP again tradable on largest Japanese crypto exchange Coincheck


Troubled Crypto-Coin Coincheck has now announced that it is again offering trading pairs for Ripple XRP and Factom (FCT). This is what the company writes on its Japanese corporate website. There it is said that deposits and sales would be partly offered again with regard to the two crypto currencies. Also resumed are various support services.

In January, Coincheck had been the victim of a hacking attack. The attack, which captured approximately $ 530 million of NEM tokens, went down in history as the largest crypto robbery. As a result, all crypto exchanges in Japan are subject to stricter regulatory control.

The company's website states:

“In connection with the unauthorized transfer of cryptocurrency NEM, which became possible as a result of unauthorized access on January 26, 2018, the company partially suspended the services. This served to examine client asset protection and unauthorized transfer, and to create an improvement plan for the business. By implementing this plan, we have tried to improve the management control system and the internal control system. In addition, we have restarted the services with external experts who have conducted a step-by-step security audit. It's about receiving, buying and exchanging [Ripple] XRP and [Factom] FCT. “

Coincheck offers services again

With the resumption of trading for Ripple XRP and Factom, the number of cryptocurrencies traded on the platform will rise to nine. At Coincheck, customers can trade Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Lisk, NEM, Ripple XRP and Factom.

Further, Coincheck pointed out that increased data traffic could make it more difficult for customers to access the platform at times. The same applies to asking questions. In addition, the Company reserves the right to suspend trading in the event of a sharp price increase without prior notice. Customers were also warned that trading with Ripple XRP and Factom could be suspended again if they were experiencing problems.

The re-launch of trading in Ripple XRP and Factom represents a big step forward for Coincheck. It was unclear for a while whether the crypto exchange would resume operations at all. As late as November 1, Oki Matsumoto, the CEO of the Monex group, which Coincheck acquired in April 2018, was skeptical that the crypto exchange would ever pick up new users. This depends on whether the platform receives a new license from the Japanese Financial Services Authority. Until now, only registered users can trade on the crypto exchange.

Sources: Coincheck, CNBC, Forbes, Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ripple-xrp-wieder-bei-groesster-japanischer-kryptoboerse-coincheck-handelbar/

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