Monex Group, a financial services company based in Tokyo, has shown an interest in buying up the Japanese subsidiary of Sam Bankman-Fried’s defunct FTX crypto platform, according to Oki Matsumoto, the CEO of Monex.

Talking to Bloomberg, Matsumoto said: "Generally speaking, we are naturally interested." While he did not go so far to say that his group is putting together an official bid for the business, he did say that having fewer cryptocurrency exchanges competing with his firm would be a “very good thing." 

The Japanese entity of FTX has been put up for sale as part of the insolvency process being carried out in the USA. Currently 41 different parties have registered an interest in taking parts of the ruined group, with 25 already making confidential deals with debtors, court papers have revealed.