Bidders have been given more time to register their interest in the crypto exchange FTX’s Japanese arm, FTX Japan.

The Japanese media outlet CoinPost reported that a bankruptcy court in the United States has pushed back the bidding date for the exchange from March 15 to April 19.

An auction for the Japanese trading platform will now be held on April 26, with the court hopeful of completing a sale by early May.

The court had previously hoped to wrap up a decision on the sale on March 27.

FTX has been given permission to sell its overseas assets to raise funds as bankruptcy proceedings continue. But as creditors appear keen to maximize repayments, they have agreed that it would be beneficial to extend the deadline – and “sell the business on better terms.”

The media outlet noted that, as of last month, 41 companies had registered an interest in acquiring FTX Japan.

(By Tim Alper)