Binance, one of the leading cryptocurrency exchanges, has introduced Binance Japan, a dedicated platform for residents in Japan. This move comes after the acquisition of the licensed local cryptocurrency exchange service provider, Sakura Exchange BitCoin Inc. (SEBC), in November 2022. Binance Japan offers a wide range of products and services, including spot trading and Earn products, and provides access to a diverse selection of 34 tokens, making it the largest offering among digital currency exchanges in the country.
Binance Japan’s Impressive Offerings
New users in Japan can now benefit from spot trading and Earn products, featuring 34 tokens available for trading, including BNB, which makes its debut in Japan. The platform caters to existing customers residing in Japan with global accounts, allowing them to initiate the migration process after August 14, 2023, through a new KYC (ID verification) process. The introduction of Binance Japan marks a significant milestone in Japan’s Web3 journey, promising a seamless and unmatched crypto experience for Japanese users.
As part of its upcoming launch in August, Binance Japan has unveiled a list of prominent tokens that will be available for trading on the platform. The list includes well-known cryptocurrencies such as BTC, ETC, DOT, QTUM, ALGO, ETH, ADA, ENJ, SAND, ASTR, BCH, BNB, MATIC, XLM, ATOM, XRP, BAT, MKR, XTZ, AVAX, LTC, DAI, IOST, VIEW, AXS, CHZ, DOGE, JASMY, LINK, SHIB, SOL, TRX, ONT, and ZIL. BNB is expected to be the first token to be listed on Binance Japan. With this extensive token offering, Binance Japan is set to cater to the diverse trading preferences of Japanese users and provide them with access to some of the most sought-after virtual assets in the crypto market.
Binance’s Growing Footprint in Japan
Binance’s expansion into Japan aligns with the country’s growing interest in blockchain technology and technological innovation. By offering regulated exchange services in Japan, Binance aims to bolster the development of the Japanese digital asset market and foster a robust and sustainable Web3 ecosystem. The launch of Binance Japan provides Japanese users access to an array of prominent tokens and positions Binance as a leader in the Japanese cryptocurrency market.
Conclusion
Binance’s launch of Binance Japan signifies the exchange’s commitment to the Japanese market and the global push toward broader adoption of cryptocurrencies. As Binance expands its services in Japan, it opens doors for Japanese investors and traders to explore a diverse range of tokens and innovative financial products. With Japan’s supportive stance towards Web3 and the increasing interest in blockchain, Binance Japan is poised to cater to the needs of Japanese users and contribute to the ongoing growth of the crypto industry in the country.
