Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » News » Binance Japan Launches, Offering 34 Tokens for Spot Trading

Binance Japan Launches, Offering 34 Tokens for Spot Trading

by

Binance rebranded SAKURA Exchange BitCoin, Inc., allowing access to 34 tokens for spot trading and BNB.

Binance Japan Launches, Offering 34 Tokens for Spot Trading

Share this article

Binance, the largest cryptocurrency exchange, has announced the launch of Binance Japan, a dedicated platform for Japanese residents. The new offering focuses on providing local customers with an array of services, including a record number of 34 tokens for spot trading.

The introduction of Binance Japan follows the acquisition and rebranding of SAKURA Exchange BitCoin, Inc. New users in Japan will have access to a selection of 34 tokens for spot trading, including the debut of BNB in Japan.

Japanese customers with existing global Binance accounts can start the migration process to the new platform starting August 14, 2023, using a new KYC process.

Binance Japan’s offerings extend to deposit options for both Japanese yen and cryptocurrencies, with yen withdrawal availability set for after August 20, 2023.

The platform also introduces features such as Simple Earn, allowing users to earn daily rewards by depositing digital assets, and Auto-Invest, an option to “automate crypto investments over set intervals with a predetermined amount.”

The company has emphasized the localized nature of the new platform, designed to cater to the specific needs of Japanese residents while adhering to local regulatory requirements.

Despite leaving markets in the EU, Binance was able to obtain a regulatory license in Dubai on July 31:

“We are honored to be the first exchange to be granted an operational Minimum Viable Product License by VARA. Our priority is to operate this first fully regulated exchange in, and from Dubai, in a FATF-compliant ecosystem, setting the stage for global scalability with uncompromised user assurance.”

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.