Following the acquisition of Japanese crypto exchange Sakura Exchange BitCoin (SEBC), the giant Binance will officially launch its Japanese subsidiary Binance Japan in June 2023.
Indeed, for several years, the exchange giant Binance had no presence in the Japanese digital assets market. However, the platform has not been sitting idly by, Binance continues to expand its empire and is reclaiming territories it had lost. The world’s leading crypto platform is likely to be able to operate in Japan again by June 2023.
The information was confirmed in a Japanese newspaper, Crypto Times. Sakura Exchange Bitcoin (SEBC), a Japanese platform acquired in November 2022 by Binance, is expected to end its operations on May 31, 2023. It is expected to reopen a few days later, during June, under the banner of Binance Japan.
The Tokyo-based crypto exchange currently supports 11 trading pairs: BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY , and COT/JPY.
Current customers are invited to withdraw their funds, they will indeed have to re-register on Binance Japan in order to be able to use this crypto trading platform from now on supported by Binance which continues its international development (France, Spain, Poland, Sweden, United Arab Emirates (UAE), Dubai, …).
Binance, which had to leave Japan in 2018, is thus legally back on the Japanese crypto market thanks to the acquisition of a crypto exchange regulated by the country’s financial authorities. For the record, founded in 2017 in Osaka, Sakyra Exchange Bitcoin allows its users to buy, hold and sell a dozen digital assets for yen.