Japanese internet giant Rakuten now allows Rakuten Wallet’s users to open accounts, prior to the launch of its cryptocurrency exchange in June.

All you need to open an account is a Rakuten user ID and an associated bank account.

After taking over Everybody’s Bitcoin platform in 2018, Ratuken had made various changes to the company, allowing it to acquire a license to operate from Japanese regulators back in December.

Rakuten is one of the many major players preparing to set foot in the crypto industry, including Yahoo! Japan, which holds 40% of TaoTao, a crypto platform coming this May.

Others have provided users with what they are seeking. This week, the first altcoins (Ethereum (ETH) and Ripple (XRP)) had been introduced to Coincheck’s over-the-counter trading desk, which began operating with Bitcoin (BTC) at the beginning of April.

Due to the spiraling crypto bear market, on Monday, Money Forward Inc., the developer of another exchange project, announced that they had decided to postpone its project. “The virtual currency market has cooled rapidly and the downside risk of profitability has been increased by continuing the business,” a statement about the decision confirmed.