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Manila Bulletin devider Technews devider Binance opens doors in Japan

Binance opens doors in Japan

Published Aug 8, 2023 07:14 am

At A Glance

  • New Binance customers in Japan can now enjoy access to 34 tokens for spot trading. This is the largest number of tokens offered by any digital currency exchange in the country.
  • Available for trading on the new platform, BNB will make its debut in Japan.
  • Existing customers residing in Japan who have global Binance accounts will be able to initiate the migration process after August 14, 2023, via the new KYC (ID verification) process.

Binance Japan.png

Binance has recently expanded their operations in Japan. Designed for the Japanese market, Binance Japan marks a significant milestone in the country’s Web3 journey and hope to deliver an unmatched crypto experience to Binance users in Japan.

Previously known as SAKURA Exchange BitCoin, Inc. (SEBC), the licensed local cryptocurrency exchange service provider that Binance had acquired in November 2022 has undergone a business name change to become Binance Japan Inc.

New users in Japan can now access a range of products and services, including spot trading and Earn products. Binance Japan offers a selection of 34 tokens for spot trading, including BNB, which becomes available in the country for the first time. 

For existing users in Japan who are registered with our global platform, a separate notice will be provided after 2023-08-14 to initiate the migration process.

Products

Features

Details

Spot trading

Deposit

Japanese yen and cryptocurrencies

Withdraw

Japanese yen (withdrawal will be available after 2023-08-20)

Cryptocurrencies

Trading

Convert: 34 tokens supported, including

BTC, ETH, BNB, ADA, ALGO, ASTR, ATOM, AVAX, AXS, BAT, BCH, CHZ, DAI, DOGE, DOT, ENJ, ETC, IOST, JASMY, LINK, LTC, MATIC, MKR, ONT, QTUM, SAND, SHIB, SOL, TRX, XEM, XLM, XRP, XTZ, and ZIL.

Spot trading: 32 tokens supported in the initial stage, including

BTC, ETH, BNB, ADA, ALGO, ASTR, ATOM, AVAX, AXS, BAT, BCH, CHZ, DAI, DOGE, DOT, ENJ, ETC, IOST, LINK, LTC, MATIC, MKR, ONT, QTUM, SAND, SHIB, SOL, TRX, XLM, XRP, XTZ, and ZIL.

Earn

Simple Earn

Users can earn daily rewards by depositing digital assets.

Auto-Invest

Users can automate crypto investments over set intervals with a predetermined amount.

By offering regulated exchange services in Japan, Binance 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.

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