It seems like we're going to enter in bull market soon and most probably it is expected to start by year's end. As of now, this is just an anticipation in the market however there is another reason why I am saying this. When we get to hear much good news about Crypto then it can be considered a good time which can turn out to be the bull run season for the Crypto community. This market is driven by news so if we get to hear a lot of positive news then it will grow but if its negative then a similar impact can be seen in the crypto market.
The technology giant Sony is going to start its crypto exchnage soon in Japan. This is big news because Sony is a well-known reputed brand with having global presence. It's such a big group and its entry into the crypto market will surely play as a positive momentum and it might encourage more such companies to follow this. Sony acquired Amber Japan last year in August and now they are going to start it soon. Its also going to enter the web3 segment and they are building their public blockchain network.
Japan’s multi-industry conglomerate Sony is getting ready to launch a cryptocurrency exchange subsidiary by revamping local trading platform WhaleFin which it acquired last year, according to a Monday press release on PR Times.
As of now they have not shared any date for the exchange launch but seems like this will happen soon and most probably this year. The crypto segment is growing and we surely need more exchanges to accommodate the growth and entry of such big giants in the crypto market will make things even better and encourage more people to be part of this.
Sony is a popular brand because of its amazing products that include some fantastic innovations. For example, PlayStation is such a fantastic product by Sony which is loved by people worldwide. This is just one product however there are so many products built by the company that are loved by the people and hopefully they will follow the same legacy with this crypto business as well.
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