Binance Japan Kicks off With 34 Tokens for Spot Tradingby Fintech News Hong Kong August 2, 2023
Cryptocurrency exchange Binance announced that its customers in Japan will now have access to 34 tokens for spot trading. Binance claims that this is the largest number of tokens offered by any digital currency exchange in the country.
In December 2022, Binance had acquired SAKURA Exchange BitCoin, a licensed local cryptocurrency exchange service provider, in a bid to expand its footprint to East Asia. The entity was then rebranded as Binance Japan.
The launch features Binance Coin (BNB) as well as other tokens including Bitcoin, Ethereum, Ada, Algorand, Atom, Avalanche, Solana, Dogecoin and more.
Existing customers residing in Japan who have global Binance accounts will be able to initiate the migration process after 14 August 2023 via the new KYC process.
Binance said in a statement,
“We are proud to announce the launch of Binance Japan, our new platform designed for the Japanese market. We believe this to be a significant milestone in the country’s Web3.0 journey and hope to deliver an unmatched crypto experience to our users in Japan.”