Japan is home to some of the most popular and loved video games in the world. Enjin ventured into Japanese markets as it recognizes that the Blockchain gaming industry has excellent prospects in Japan.
Enjin token gets a regulatory nod from the Japanese Virtual Currency Exchange Association and can now be traded.
ENJ Token Listed on Coincheck
Enjin coin becomes the first-ever gaming token to receive approval from the self-regulatory body to trade on the Japanese cryptocurrency exchanges. Coincheck exchange, which is the largest crypto exchange in Japan, would begin listing ENJ on its platform from January 26. The users would be able to buy ENJ in Japanese national currency. The Japanese Virtual Currency Exchange Association is a self-regulatory body that controls and oversees the country’s cryptocurrency operations. It is authorized by the Financial Services Agency.
The CEO of Enjin Maxim Blagov said that Japan is home to some of the most powerful games, which have had an immense impact on pop culture. He cited Super Mario and Pokémon and said that the “We believe some of the world’s best blockchain games will come from the Japanese gaming industry.” Enjin platform allows users to create their own blockchain assets without complicated coding. The ENJ token acts as a store of value for the assets or NFTs created within the Enjin ecosystem. The users can then roll out those assets in the market, which can be swapped, traded, and integrated into the cross potential.
The company announced that ENJ coin had received the approval
ENJ is the first-ever gaming token to receive approval for listing on a Japanese exchange. Enjin ventured into the Asian superpower in 2019 to explore the country’s robust gaming market. Enjin and HashPort have come together to steadfast ENJ listing approval by the self-regulatory association in Japan. As per the CEO of HashPort, Seihaku Yoshida, “After more than a year of due diligence, the approval and listing of Enjin Coin on Coincheck is an important milestone for Enjin and adoption of its blockchain platform in Japan.”
The ENJ token price surged up to 75% after the announcement and is already showcasing a surge since last week. Currently, the price is $.40.
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