WikiBit Exchange Runaway Risk Ranking #59: Zaif — Japan’s FSA License No. 00001 Makes It a “Living Fossil,” but Why Has Its Usability Nearly Fallen to Zero?
Introduction: A Licensed Exchange That Is Still Alive but Barely Trading In our previous 58 editions, we examined a wide range of exchanges, from HashKey to YUBIT. For Edition #59, we turn our attention to one of the quietest players in the industry: Zaif. In terms of regulatory credentials, Zaif is practically a “living fossil” in Japan‘s crypto market. Founded in 2014 by Tech Bureau, Zaif obtained registration as a cryptocurrency exchange operator from the Director-General of the Kinki Local Finance Bureau under Registration No. 00001 on September 29, 2017. The prestigious-looking “No. 00001” designation means it was among the earliest exchanges licensed under Japan’s regulatory framework. In 2018, after approximately ¥6.7 billion was stolen in a hacking incident, listed company Fisco injected ¥5 billion and took over the business, ultimately ensuring full compensation for affected users. The operating company was renamed CAICA Exchange Co., Ltd. in November 2021, but officially reverted to its former name, Zaif Co., Ltd., on November 1, 2023. In July 2025, NCXX Group Co., Ltd., a company listed on the Tokyo Stock Exchange Standard Market (renamed JN Group in March 2026), made Zaif a wholly owned subsidiary through an acquisition valued at ¥1.162 billion. Its official website remains operational,






