Binance is Back in Japan! Re-enters after 5 Years with 34 Cryptocurrencies!
Binance, on August 1, 2023, announced that it has acquired #SEBC, Sakura Exchange BitCoin, a licensed local #cryptocurrency #exchange #service #provider.
Binance Japan, the new subsidiary as called, will offer 34 cryptocurrencies, such as the following:
Japan’s “regulatory framework” is seen as a “model” for other countries to follow and implement.
It is indeed a “significant development” for the #crypto #industry with #Binance re-entering #Japan, considered as one of the most “cryptocurrency friendly countries” in the world.
It indeed, such a strategic decision for #Binance to acquire #SEBC, by attracting more investors to the “crypto market”, #Japan will definitely help to #legitimize the “Crypto industry”, with the presence of Binance being there.
Having a decent status in Japan, SEBC is an #exchange of good repute, with a “strong track record” of all the compliances with the “Japanese regulatory authorities”, will actually help #Binance re-enter #Japan.
“Spot trading”, “margin trading”, and “staking” are a range of #services that #Binance Japan will offer to its customers, besides a “derivatives exchange” and a “NFT marketplace” and the service will be available in #English and #Japanese.
The launch of “Binance Japan” signifies the increasing acceptance and popularity of #Cryptos, there in Japan. Moreover, Japan does have a “huge & cultured crypto community”, with its government supporting it. Therefore, it will further boost the growth of the “Cryptocurrencies in Japan” with the re-entry of #Binance.
”Binance Japan”- Its effect, on the “Crypto Market”!
Nevertheless, the impact/effect will definitely be significant, with the re-entry of “Binance in Japan”.
The “large customer base” and “deep-liquidity” of the #Exchange will surely attract more investors, besides with its compliance with “Japanese Regulatory authorities”, it will help #legitimize the “Cryptocurrencies industry in Japan”.
It is also like to “spur innovation”, by providing “new opportunities” for the #investors with its support for #DeFi and #Web3 projects and will help support the #development of these #technologies in Japan.
Infact, the overall impact is going to be positive, prospectively.
The Prospect of “Cryptocurrency market in Japan”!
Quite significantly, Japanese government is supportive to the increasing number of “cryptocurrency friendly businesses”, with a “huge & cultured crypto community”, the future of #Cryptos seems to be fairly bright in #Japan.
With Prime Minister Fumio Kishida’s aim to increase/surge in the #revenue in Japan and the government accepting a pro-Web3 stance, Binance’s re-entry into Japan will surely boost the growth of the #cryptocurrency market/industry in the coming years.
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