Binance has announced the go-live of its Japanese operation, with a local dedicated platform (binance.com/ja) already onboarding new customers in Japan.
Binance Japan, the local subsidiary of the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, was born out of the crypto exchange’s acquisition of local licensed crypto exchange service provider SAKURA Exchange BitCoin, Inc. (SEBC) in November last year.
In the meantime, SEBC changed its business name from SAKURA Exchange BitCoin, Inc. (SEBC) to Binance Japan Inc.
Spot trading, Earn, NFTs available on Binance Japan. Derivatives coming soon
Since then, Binance Japan has been working closely with relevant stakeholders and industry associations to prepare to build the Web3 ecosystem in Japan in a fully compliant manner.
The launch will be a major step forward in their mission to build a sustainable Web3 ecosystem in Japan, the company argues.
New customers in Japan can access a suite of services that consists of spot trading, Earn products, and NFT marketplace. Binance Japan aims to provide derivatives services in a locally compliant manner in the future as part of their effort to enrich service offerings in Japan.
With spot trading, they are bringing 34 tokens to customers in Japan as a first step, including BNB (Build and Build), which will be available in Japan for the first time.
For existing customers in Japan who have global Binance accounts, a separate notice will be provided to initiate the migration process after August 14th.
