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Sep 18, 2020 17:00
Kraken Is Returning to Japan

Kraken is excited to announce we will soon be reopening services in Japan, a move that’s part of a broader initiative to expand our industry-leading services into high-growth APAC markets.

The announcement follows Kraken’s expansion into the rapidly growing Australian market with the acquisition of Bit Trade and the launch of funding and trading in Australian dollars

We believe the Japan market is ripe for re-entry. Interest in cryptocurrencies is spiking globally, and with its crypto-friendly history and well-established regulatory environment, Japan is poised to be a leading country in the next wave of crypto adoption. 

Kraken exited Japan in 2018 in order to focus its resources on improving in other markets that were growing exponentially at the time. 

However, Kraken has been preparing for the re-entry for two years, in that time establishing a Tokyo-based subsidiary, Payward Asia, and building up internal governance and controls in accordance with local regulations. 

Kraken completed its registration as a Crypto Asset Exchange Service Provider under the Payment Services Act on September 8.

Japan residents can create accounts starting September 18

  • Starting September 18 at 10:00am JST, Japan residents can create accounts here: https://www.kraken.com/sign-up
  • Kraken is working to launch account funding and trading as soon as possible. We recommend that clients create their accounts early so the onboarding process is complete prior launch.
  • Please note that Japan residents who previously traded with Kraken will need to create new accounts.

When will Kraken launch service?  

  • The exact date for funding and trading has not yet been set, but we expect to launch in late September or early October. 

What services will be available at launch?

  • Domestic JPY deposits and withdrawals (through SBI Sumishin Net Bank).
  • Spot trading in 5 major cryptocurrencies – Bitcoin (XBT), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC). Both crypto-crypto and JPY-crypto trading pairs will be available.
  • We plan to offer more assets and services in the coming months

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Davorin Bebek
Go-founder

Davorin Bebek - Co-founder. After finishing Law University in Croatia, he started to work as Chief Marketing Officer and campaign builder for various startups in different industries. That's how he got familiar with cryptocurrencies and blockchain technology and become it's strong advocate.

bebek@sharktrade.net
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Evgeniy Florin
Chief Marketing Officer

Evgeniy is a highly respected sales and team building professional with over 15 years of experience and a history of success. He has thorough experience in blockchain and network marketing, and has been following the evolution of cryptocurrencies for years. He believes that the combination of these two can really make positive changes to the global economy in the near future.

florin@sharktrade.net
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Martin Maffei
Ambassador

Martin is a highly experienced Systems Engineer with a demonstrated history of over 20 years leading software development teams for financial, oil & gas and other industries. Enthusiastic and passionate about cryptocurrencies and Blockchain since years, he strongly believes that this technology is not only the fourth industrial revolution, but the future of money.

maffei@sharktrade.net
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Graham R Clark
CEO

Graham - The senior business leader and previous start-up founder. He has been working in Capital markets and Financial information technology for more than 20 years now. For the past two years he has been working on a number of blockchain and crypto projects both as an advisor as well as an OTC facilitator.

clark@sharktrade.net
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Last years Co-owner of IT company mainly processes systems for banks, lottery operators, and telecoms. Responsible for marketing and sales. Founder of a startup based on high-end streaming and blockchain tools. Specialize in creating global ideas, using a smart approach to build and optimize startup work. Understand cultural differences in the formation of complex sales and marketing structures. Startup advisors, speaker, blockchain enthusiast. The advocate of balanced tourism.
Bonus
Bonus!
To receive the bonus and change your ranking, you will need to complete and meet the requirements of eight different investment levels. These investment levels make up the overall Partner Investment Structure (PIS).

Please note that each of your own personal investments will also bring you 100% towards your overall personal contribution;

The eight different PIS investment levels are detailed below, together with their relevant percentages and their turnover limits.

Level 1
Each investment of the 1st level referral in your PIS will also bring you 100% to the total PIS turnover.

Level 2
Each investment of the 2nd level referral in your PIS will bring you 50% to the total PIS turnover.

Level 3
Each 3rd level referral investment in your PIS will bring you 30% to the total PIS turnover.

Level 4
Each investment referral 4th level in your structure will bring you 20% of the total turnover of the PIS;

Level 5
Each investment of the 5th level referral in your structure will bring you 15% to the total PIS turnover.

Level 6
Each investment of the 6th level referral in your structure will bring you 10% to the total PIS turnover.

Level 7
Each investment of the 7th level referral in your structure will bring you 5% to the total PIS turnover.

Level 8
Each investment of the 8th level referral in your structure will bring you 3% to the total PIS turnover.

Use case example
As an example, if you are a Partner with a total turnover of $ 12,000 and your Level 3 referral made an investment of $ 1,000, then you PIS turnover will receive a credit for 30% or the equivalent of $300.

This means that your PIS will then have a total turnover of $ 12,300.

In order to reach the Ambassador rank, your PIS will need to make a joint investment of $25,000.

In addition, you will also need to make a personal contribution of $ 1,000, in order that you receive the bonus for the rank of $ 1,000.

This can be achieved in two ways: either through direct personal sales for this amount; or from an investment made by any party from your PIS network that equals this amount.

As a general rule, the second option is proven to be more effective than the first, provided that is you have a PIS that has developed to at least 4 levels.

IMPORTANT: As each PIS turnover level is achieved, the next rank is not reset, but continues to grow.

For example, when your PIS has reached a turnover of $ 25,000 you will be awarded the rank of Ambassador. To then move forwards on to the next rank of Businessman ($ 50,000), your PIS only needs to achieve $ 25,000 in sales.