Key takeaways:
- Binance Japan prepares for a full-service launch in August, offering Japanese residents an extensive range of services.
- The exchange will begin by listing an impressive 34 tokens, the most among domestic crypto exchanges.
In a significant move for the crypto community in Japan, one of the world’s leading cryptocurrency exchanges, Binance, has taken a notable step forward. Binance Japan has officially begun the process of onboarding users, presenting exciting opportunities for crypto enthusiasts across the nation.
Japan’s venture into the world of Web3 is poised for a transformative journey with the emergence of Binance Japan Inc. Formerly known as SAKURA Exchange BitCoin, Inc. (SEBC), the licensed local cryptocurrency exchange acquired by Binance in November 2022 has now undergone a rebranding, aligning itself with the renowned Binance brand.
With this new identity, Binance Japan Inc. is set to revolutionize the crypto landscape for Japanese users by offering a comprehensive range of services. Users in Japan can now enjoy access to an impressive array of 34 tokens for spot trading, opening up exciting possibilities in the crypto market.
Notably, BNB, the native cryptocurrency of the Binance ecosystem, will be made available to Japanese users for the first time, offering them a chance to explore the benefits of this dynamic digital asset.
The platform‘s initial lineup for spot trading features some of the most prominent cryptocurrencies, including BTC, ETH, ADA, ALGO, AVAX, DOGE, XRP, and many others. This diverse selection enables Japanese users to delve into a variety of projects and investment opportunities, expanding their crypto horizons.
As a first step, Binance Japan Inc. is bringing 34 tokens to customers in Japan, broadening their horizons and opening up possibilities in the crypto market. Notably, BNB (Build and Build), the native cryptocurrency of the Binance ecosystem, will be made available in Japan for the very first time, presenting users with unique avenues for exploration and investment.
This new chapter for Binance Japan Inc. signifies a commitment to fostering a sustainable and vibrant Web3 ecosystem in Japan, promising exciting prospects for the nation’s participation in the global crypto landscape.
Existing users in Japan who have registered with the global platform will receive a separate letter after August 14 to begin the migration process to guarantee a smooth transition.
