Binance Japan Launches Spot Trading for 34 Tokens Following Regulatory Compliance 📄
Binance, a major cryptocurrency exchange, has launched a Japan-based arm called #BinanceJapan after acquiring #SakuraExchange Bitcoin.
The new venture aims to operate within Japan's regulatory framework and offers spot trading for 34 tokens as of August 1. Binance plans to migrate its global users to the new platform starting on August 14.
This move comes roughly two years after the company received a warning from Japan's financial regulator and subsequently relocated its headquarters to Malta. The decision to reenter the #Japanese crypto market is driven by the company's interest in bolstering the development of the Japanese digital asset market.
