Native Tezos token lands on Coinbase Japan, a leading exchange serving the Japanese market

Coinbase Japan offers trading for Tez

Coinbase Japan now offers trading in Tez (XTZ), the native token of the theses Blockchain, boosting Tezos’ presence in a key Asian market.

The Tez (XTZ) markets on Coinbase Japan allow anyone to easily trade Tez from their desktop or mobile device.

Coinbase was founded in 2012 and is now active in more than 100 countries. Coinbase is among the most user-friendly and well-established centralized crypto exchanges.

Coinbase has been serving the Japanese market since Coinbase Japan launched in August 2021. According to an October 2022 Chainalysis report, Japanese crypto trading volume more than doubled from July 2021 to June 2022.

Tezos, a pioneer in Proof-of-Stake technology, is one of the original Layer 1 blockchains to use staking to secure their network.

These features make Tezos a platform of choice for many brands and institutions looking to enter the world of decentralized finance and Web3.

Tezos has seen significant growth in developer activity in 2022, with Smart contract deployments up 288% compared to the same period in 2021 and was also listed among the largest developer ecosystemsaccording to the annual Electric Capital Developer Report.

Tezos continues to rapidly gain popularity, particularly among artists and NFT applications, and was the only blockchain with a presence at the recent Art Basel Miami Beach, where prominent generative artists showcased their Tezos-infused work.

Tezo’s NFT and DeFi communities continue to gain momentum on platforms such as leading NFT marketplace Objkt.com, generative arts platform fx(hash), yield farming protocol Youves, and more.

The energy-efficient blockchain is known as the “self-modifying blockchain” because of its ability to seamlessly upgrade through its on-chain governance — a mechanism that allows network participants to propose and vote on upgrades and changes to the protocol.

Tezos has updated 11 times, with a 12th expected to happen in mid-December 2022. The Tezos blockchain, in particular, is showing promising signs of becoming one of the first Layer 1 blockchains to hit 1,000,000 TPS (transactions per second) in 2023.

With its ability to update and innovate in an energy-efficient manner, Tezos has become an attractive choice for leading organizations expanding their reach into Web3.

World-renowned organizations and brands such as Manchester United, McLaren Racing, Team Vitality, The Gap, Evian and others are currently expanding their fan and customer experiences on Tezos.

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