Binance Expands Services In Japan With New Platform Launch

Binance Blog published a new article, announcing the launch of Binance Japan, a new platform tailored for the Japanese market. This development marks a significant milestone in Japan's Web3 journey, offering residents access to a wide range of digital assets and services. The platform introduces 34 tokens for spot trading, the largest selection available from any digital currency exchange in the country, including the debut of BNB in Japan. The article highlights that new Binance customers in Japan can now engage in spot trading and utilize Earn products. Existing users with global Binance accounts residing in Japan will be able to initiate the migration process after August 14, 2023, through a new KYC (ID verification) process. This move allows Japanese residents to trade some of the world's most popular virtual assets, enhancing their crypto experience. Previously known as SAKURA Exchange BitCoin, Inc. (SEBC), the licensed local cryptocurrency exchange service provider acquired by Binance in November 2022, has rebranded to Binance Japan Inc. This change signifies Binance's commitment to providing regulated exchange services in Japan, aiming to support the development of the Japanese digital-asset market. The country's focus on technological innovation and growing interest in blockchain technology make it an ideal environment for building a robust and sustainable Web3 ecosystem. Binance Japan offers a variety of products and services, including spot trading and Earn products. The platform supports 34 tokens for spot trading, such as BTC, ETH, BNB, ADA, and more. For existing users in Japan registered with the global platform, a separate notice will be issued after August 14, 2023, to facilitate the migration process. Additionally, users can earn daily rewards through Simple Earn by depositing digital assets or automate crypto investments with Auto-Invest over set intervals. By launching Binance Japan, the company aims to strengthen its presence in the Japanese market and foster the growth of the Binancian community. This initiative is expected to attract a new wave of Web3 early adopters, contributing to the expansion of the digital-asset ecosystem in Japan. The article underscores Binance's dedication to regulatory compliance and its strategic efforts to enhance the crypto trading experience for Japanese users.