Binance, a leading cryptocurrency trading platform, has announced the launch of Binance Japan, a new platform tailored to the Japanese market. This move is considered a significant step in Japan’s journey into the world of Web3 and cryptocurrency.
The new platform is a result of Binance’s acquisition of SAKURA Exchange BitCoin, Inc. (SEBC), a licensed local cryptocurrency exchange service provider, in November 2022. Following the acquisition, SEBC has undergone a business name change to become Binance Japan Inc.
The platform will offer Japanese users access to a variety of products and services, including spot trading and Earn products. It also provides a range of 34 tokens for spot trading, including Binance Coin (BNB), which becomes available in the country for the first time.
Binance aims to contribute to the development of Japan’s digital asset market by offering regulated exchange services. The platform believes that Japan’s strong focus on technological innovation and growing interest in blockchain technology make it an ideal environment to build a robust and sustainable Web3 ecosystem.
For existing users in Japan who are registered with Binance’s global platform, a separate notice will be provided after August 14 to guide them through the migration process to the new Binance Japan platform.
This move demonstrates Binance’s commitment to expanding its services globally while adhering to local regulations and catering to the specific needs of various markets.
