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Quantum Solutions (2338) · InitiativeFirst stated

Abandonment of New Services Such as Leverage Trading at the Cryptocurrency Exchange

First written in FY2020. . Latest entry: FY2020.

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Scale-back of business expansion due to abandonment of new service launches at a cryptocurrency exchangeA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2020First statedAnnual report

    「Although we had considered introducing new services, including leveraged trading, at the cryptocurrency exchange, we abandoned the plan because competition intensified as major overseas cryptocurrency exchanges successively announced derivatives trading services and a cost-benefit assessment was unfavorable. Consequently, the Group's cryptocurrency exchange was unable to generate sales from the new services.」

    The decision to abandon the introduction of new services, including leveraged trading, due to intensifying competition and cost-effectiveness considerations is documented for the first time.
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