Exchanges· ★★★· neutral·

RedotPay acquires Japanese crypto exchange BTC Box

  • —BTC Box was founded in 2014 and registered as a crypto exchange in September 2017
  • —The exchange halted all services in January after a customer data leak and resumed on August 3
  • —RedotPay has stopped new sign-ups and app distribution in Japan and will end local services
  • —RedotPay will provide BTC Box with funding and technical support to launch compliant services
Why it matters: The deal gives RedotPay a licensed route into Japan, while BTC Box gains backing to recover from its data breach and months-long shutdown.
Source: CoinDesk Japan
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