In Japan, the Financial Services Authority (FSA), the country’s leading regulatory body for all crypto related matters, is responsible for approving the listing of new tokens across all exchanges. Exchanges must first get approval from the FSA before they can add new markets. This can be a long and difficult process. This grant will fund an effort to gain whitelisting approval from the FSA for all exchanges in Japan to be permitted to list DYDX. As part of the grant, CoinTrade, the exchange leading the listing process, will also add support for DYDX trading and transfers on their exchange. We expect more to follow in response given the painful regulatory process will be done.