Binance Re-Enters Japan Market; Set To List 34 Tokens
Binance Japan, which is set to fully debut in August, intends to include 34 tokens immediately, giving it an advantage over domestic competitors. Binance also intends to list BNB, making its native coin available in Japan for the first time.
Binance said in a statement that new customers in Japan will be able to access services like as spot trading, Earn products, and its NFT marketplace.
Binance’s founder and CEO, Changpeng Zhao, stated in a July Twitter video that the world’s largest crypto exchange has been attempting to re-enter the Japanese market.
“It’s fantastic to see Japan being a leader in the Web3 regulatory environment,” Zhao said. “Japan has clear regulations for crypto exchanges since 2017, including the opening of crypto listing frameworks and stablecoin regulations. Binance, which acquired SEBC in November, is excited to participate in the Japanese market and launch its full service in August.
(With inputs from Shikha Singh)
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