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About Zaif

What is Zaif?

Zaif is a Japanese centralized cryptocurrency exchange (CEX). It was one of the first cryptocurrency exchanges to receive a license to operate from the Japan Financial Services Agency (JFSA). As of September 2018, it is listed as the 35th largest cryptocurrency exchange (in terms of turnover). However, on September 14, 2018, the exchange's hot wallet was hacked and the equivalent of $60 million in cryptocurrency was stolen. Following the incident, Zaif suspended its operations and entered into a bailout agreement with a Japanese brokerage firm - FISCO - which injected 5 billion yen ($44.675 million) in financial assistance for the company. In November, the company was sold to FISCO Digital Asset Group Co.

Who are the founders of Zaif?

The company was founded by Takao Asayama, CEO of Tech Bereau, which ran Zaif until it was acquired by FISCO in late 2018. At the time of writing, the first person in charge of the platform is Ryuji Yagi. other members of the management team include Toshiya Kotake, Norifumi Imai, Takayoshi Abe, Kenji Yamaguchi and Osamu Fukami. CoinMarketCap was unable to confirm these members' specific backgrounds, as most of them do not have LinkedIn profiles.

When did Zaif launch?

Zaif first debuted on June 16, 2014.

Where is Zaif located?

The cryptocurrency exchange operates out of Tokyo, the busy capital of Japan.

Countries that restrict access to Zaif

CoinMarketCap could not confirm whether residents of any countries restrict access to Zaif, but in addition to the exchange's predominant use of Japanese, an August 2022 statement from the company said that the platform "does not currently accept account applications from overseas customers. In addition, we may, at our sole discretion, refuse to allow you to use our services even if you are a customer who has completed the identity verification process in the past. "

What currencies does Zaif support?

The trading platform offers a limited number of digital assets. The exchange offers only 10 tokens and 14 markets, with BTC/JPY being the most actively traded pair.

What are Zaif's fees?

Zaif charges one of the most "conscientious" transaction fees in the cryptocurrency exchange industry - no pending order fees in the spot market, and an order-taking fee of 0.10%.

Can I trade with leverage or margin on Zaif?

On the exchange platform, users can trade on margin with leverage of up to 7.7x.