Coincheck.jp, a Japan-based bitcoin exchange, has recently announced the support for trading of The DAO tokens on its platform, becoming the first Japanese exchange to do so.

The DAO is a Decentralized Autonomous Organization (“DAO”) leverages smart contracts on the Ethereum blockchain to enable anyone, anywhere in the world to create their own autonomous organization.

The DAO’s crowdfunding drive was one of the most successful in the cryptocurrency space, raising over $166 million (according to the website). Market cap of The DAO currently is around $150 million and has taken the fifth spot in the list of blockchain assets. According to latest estimates from coincap.io, the DAO tokens are currently trading at $0.13 levels.

Coincheck joins the list of cryptocurrency exchanges, including Poloniex, BTC Markets, Kraken, that have recently announced their support for trading of The DAO tokens driven by the success of the crowdfunding efforts.

Steemit reports that Coincheck users will now be able to buy The DAO tokens through JPY, in a manner similar to Bitcoin and Ethereum purchases made on the platform.

Speaking with CoinTelegraph, Kagayaki Kawabata, Business Development Lead at Coincheck.jp said, “There were many existing customers that demanded support for The DAO, which prompt us to implement DAO Tokens wallet and buying/selling features.”