Binance, one of the world’s leading cryptocurrency exchanges, has today announced the launch of its dedicated platform for the Japanese market – Binance Japan. This marks a significant milestone in the country’s journey into the world of Web3 and is set to deliver an unmatched crypto experience to users across Japan. Formerly known as SAKURA Exchange BitCoin, Inc. (SEBC), Binance’s licensed local cryptocurrency exchange service provider, the company changed its business name following its acquisition by Binance in November 2022, becoming Binance Japan Inc.
A Dedicated Platform for Japanese Crypto Enthusiasts
Binance Japan aims to provide a comprehensive range of products and services tailored to meet the specific needs of Japanese users. New customers can access spot trading and Earn products, while existing users registered with Binance’s global platform will receive separate notifications after August 14, 2023, to initiate the migration process. Spot trading on Binance Japan allows users to deposit and trade cryptocurrencies with the Japanese yen.
The platform offers an impressive selection of 34 tokens, including popular options like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), and many more. Notably, BNB becomes available in Japan for the first time through this platform. Binance Japan also introduces Earn products to enable users to earn daily rewards by depositing digital assets. With the option for auto-invest, users can automate their crypto investments over set intervals with a predetermined amount, making it convenient for those seeking to maximize their earnings.
The move comes as Japan continues to embrace blockchain and cryptocurrency technology, with increasing public interest and adoption. With the launch of Binance Japan, the exchange aims to tap into this potential, fostering the growth of the local crypto community and providing a secure and user-friendly platform for trading and investing in digital assets. By offering regulated exchange services in Japan, the company is hoping to bolster the development of the Japanese digital-asset market. The country’s drive for technological innovation and growing interest in blockchain technology make it a fantastic place to build a robust and sustainable Web3 ecosystem.
As Binance Japan kicks off its operations, it signals the beginning of an exciting journey for the platform and its Japanese users. By combining Binance’s global expertise with Japan’s enthusiasm for blockchain and crypto, Binance Japan is set to play a pivotal role in shaping the country’s digital economy. With the launch of Binance Japan, Binance looks forward to welcoming a new wave of Web3 early adopters into the fold, while further solidifying its position as a global leader in the cryptocurrency space.
