Crypto exchange Binance announced the launch of Binance Japan, a dedicated platform for the Japanese crypto market. Binance Japan customers can access 34 tokens for spot trading.
Binance, the largest cryptocurrency exchange in the world, has recently launched Binance Japan, a dedicated crypto trading platform for Japanese customers. This platform offers access to 34 tokens for spot trading, which is the highest number of tokens available on any exchange in Japan.
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Binance Japan Launches Crypto Platform. Binance Japan Launches, $BNB Now Available
Binance has launched a new trading platform in Japan, complying with local regulations. The company had previously suspended the use of its global platform for Japanese residents, effective from November 30. Binance Japan, which was launched on August 1, 2023, offers a range of services and tokens, including $BNB, which is now available in Japan for the first time. Customers can migrate to the new platform through a new identity verification process after August 14. The platform offers spot trading and Earn products with a selection of 34 tokens for spot trading. Binance acquired SAKURA Exchange BitCoin, a licensed local crypto exchange service provider, in November 2022, and the business was subsequently renamed Binance Japan Inc. The move to acquire operating licenses came after Japan’s Financial Services Agency warned Binance of its failure to register. Binance Japan Launches Crypto Platform.
Japan Welcomes Crypto
Japan is positioning itself as an attractive destination for crypto-related businesses and investors in Asia by implementing regulations to facilitate their operations. In its latest move, the country has announced a tax incentive of 30% for companies issuing cryptocurrencies.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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