Rakuten Securities ramps up listings with 74 new stocks

abdelaziz Fathi

Japanese FX broker Rakuten Securities Inc ‎said that it plans to add a total of 74 stocks to expand its offering of tradeable instruments.

According to a corporate statement, these new additions, which will be available effective today, and include stocks listed on US, Chinese and ASEAN exchanges.

The broker broadens its product line, which also includes currencies, commodities, equities and indices, as clients’ desire to garner exposure to regulated markets has been increasing. The inclusion of new stocks not only helps expand trading capabilities for its clientele but also attracts more traders that are looking to diversify their trading options.

The broker has been regularly expanding its offering of trading instruments. It recently added 200 stocks listed on US exchanges to its offering. The case for adding more assets has been growing in recent years with clients from certain regions keen to actively trade global stocks.

Japan’s brokers have been lowering trading fees amid increased efforts to attract retail traders. They have seen sliding trading volumes in Japan and the move may be an attempt to stimulate the trading activity.

Rakuten has ventured into the digital asset space

The opening bell for the battle rang when fixed-rate commissions on stock trading were dropped in many Western markets. Several brokers pounced on the opportunity, dropping commissions as much as 90% and offering no-fee trading for limited periods. Amid the retail trading boom, which has benefited high-flying apps and legacy platforms alike, Japanese brokers are looking to jump in.

Rakuten Securities is one of the largest Japanese FX brokers, and operates regional businesses including in Hong Kong, following an acquisition of one of FXCM’s prior businesses six years ago.

Rakuten Securities, which also operates retail foreign exchange brands in Australia and Malaysia via a joint venture with Kenanga Investment Bank Berha, is part of E-commerce giant Rakuten. Rakuten.com runs the fourth largest e-commerce business, trailing ‎only behind Alibaba, eBay and Amazon.

Leveraging synergies within the group, Rakuten has ventured into the digital asset space with the launch of its cryptocurrency exchange, known as “Rakuten Wallet.”

Through the smartphone app, customers can make transactions for crypto asset trading accounts, such as depositing/withdrawing Japanese yen and crypto assets. Rakuten Wallet, formerly Everybody’s Bitcoin, is a wholly-owned subsidiary of Rakuten which acquired it for $2.4 million in August 2018.

Read this next

blockdag

Top Crypto Millionaire Picks: ETH, SOL, BLP

The market is buzzing with the arrival of a new bull run, and savvy investors are closely watching certain cryptocurrencies that show promise for substantial returns.

blockdag

Influencer Examines BlockDAG Advances as Presale Hits $27.7M Amid Updates on Solana Transaction Fees and Injective (INJ) Price

Discover what famous YouTube influencer CryptoDexWorld has to say about BlockDAG’s presale performance and mining capabilities. More on Solana Transaction Fees and Injective (INJ) Price Updates.

blockdag

Discover the Best Altcoins to Buy: Exploring Near Protocol, Cardano, and BlockDAG’s 30,000x Potential

Explore top altcoins like Near Protocol, and Cardano, and discover BlockDAG’s massive potential. Join us!

blockdag

Crypto Influencer Crypto Rick Endorses BlockDAG Amid $27.7M Presale Success; TRON Price & BCH See Surge

Crypto Rick endorses BlockDAG, boosting its $27.7M presale amid TRON and Bitcoin Cash surges. Explore why BlockDAG is a top crypto investment.

blockdag

These Altcoins Have The Potential To Make You a Millionaire in 2024

The crypto market is witnessing a surge, and certain alternate coins are catching attention for their rapid growth.

Digital Assets

Point72 invests $77.5 million in Bitcoin, Morgan Stanley holds $269.9 million

Point72, the $34 billion hedge fund owned by billionaire and New York Mets owner Steven Cohen, held $77.5 million in the Fidelity Wise Origin Bitcoin Fund (FBTC) at the end of the first quarter, according to a recent filing.

Digital Assets

Binance claims Nigerian officials sought $150 million bribe

A Nigerian court has ruled that Tigran Gambaryan, a Binance executive detained on charges of tax evasion and money laundering, can stand trial on behalf of the world’s largest cryptocurrency exchange.

Digital Assets

Kraken reviews Tether listing in Europe ahead of MiCA adoption

Cryptocurrency exchange Kraken is “actively reviewing” whether to delist the stablecoin Tether (USDT) from its European platform, according to a report by Bloomberg.

blockdag

Discover How MoonBag Coin Presale Stacks Up Against Dogecoin & Litecoin

Discover how the MoonBag Coin presale compares to Dogecoin and Litecoin, with unique features, a robust presale structure, and new opportunities in 2024.

<