Binance Japan, which is slated to be launched this month, will list 34 coins, according to local crypto media portal Coinpost. Japan’s largest ICO. Binance aims to offer BNB, its native cryptocurrency, to Japan for the first time, expanding Japanese dealers’ token options, media reports said.
After buying 100% of Sakura Exchange BitCoin and becoming regulated by the Japan Financial Services Agency, Binance returned to Japan in November 2022. In 2021, the JFSA warned Binance about its unregistered operation.
In July, Binance CEO Changpeng Zhao tweeted support. Due to the country’s stated constraints on crypto exchanges since 2017, as well as recent developments like the opening of crypto listing frameworks and the establishment of stablecoin law in June, Japan has led Web3 regulatory development.
“We’re extremely happy to participate in the Japanese market again,” Zhao added. The top executive said “the acquisition of the SEBC platform last November allowed us to comply with regulatory requirements and paved the way for the full service launch in August.”
With this development, Binance shows its commitment to Japanese law and offering a variety of tokens to Japanese cryptocurrency investors. Binance Japan’s promise of many trading options has excited Japan’s cryptocurrency community.
