TechFlow news: FTX Trading plans to delay the sale of its Japanese subsidiary, FTX Japan, and has communicated this intention to Japan's Financial Services Agency through FTX Japan. This pause in the sale of FTX Japan does not mean FTX intends to delay the divestment process for its Japanese subsidiary indefinitely. An executive from the FTX Group said, "They hope to increase the overall valuation by selling the entire group rather than selling off regional subsidiaries individually."
In addition, the customer asset return process initiated by FTX Japan in February is progressing smoothly. Currently, FTX Japan has returned 80% of customers' fiat currencies such as Japanese yen and cryptocurrencies. If the trading system previously used by QUOINE, the predecessor of FTX Japan, operates successfully, the Japan Financial Services Agency may allow the Japanese subsidiary to resume operations by the end of the year.
