Buying cryptocurrency in Japan could become easier if a new partnership between Backpack and Minna Bank moves ahead. The crypto exchange has signed an agreement with the digital bank to explore ways of connecting traditional banking services with its planned Japanese trading platform.
The immediate focus is on Japanese yen deposits and withdrawals. For customers, that could mean moving money between a bank account and a crypto trading platform without having to navigate multiple payment arrangements.
The agreement was announced on November 12, 2026. It involves Minna Bank, part of Fukuoka Financial Group, and Trek Labs Japan, Backpack's Japanese subsidiary. There is one important condition, though: Trek Labs Japan must first obtain registration as a cryptocurrency exchange operator before offering regulated trading services.
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