For some reason, some cryptocurrencies are not included in the report, and $3.5 billion of disclosed assets are frozen indefinitely in Eth 2.0 deposit contracts.
Kraken does not provide statistics on how much money customers should deposit in their accounts, but offers owners of BTC and ETH balances the possibility to independently and directly check proof of reserves. U.S. exchange FTX will be the owner of the Japanese exchange, having been the first to obtain a cryptocurrency license in 2017 after Japan officially recognized Bitcoin. The company then operated under the Quonie brand, but then transformed into Liquid Corporation, which includes Quoine Corporation and Quoine Pte sites operating in Japan and Singapore.
Under the terms of the deal, FTX will fully absorb all of Liquid's operations, expanding the range of trading instruments by adding new assets and derivatives. Despite strict licensing requirements for cryptocurrency exchanges, Japan is open to institutional investment in digital assets.