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Learn more about how Statista can support your business. The Financial Services Agency took administrative action by ordering Coincheck to improve its security practices but did not order the exchange to shut down out of a concern for the protection of its users. Its role as a key sponsor of leading sports teams like Manchester City and McLaren Formula 1 underlines OKX's status as a reliable and recognized entity in the sector, securing its position as Japan's second-best cryptocurrency platform.