Binance Japan launches with 34 tokens, BNB debuts in the country

Binance, the world’s largest cryptocurrency exchange, announced the launch of Binance Japan K.K. on Tuesday, offering 34 coins, making it the country’s largest exchange by token offerings.

Fast facts

• The launch debuts Binance’s native token, BNB, for the first time in the country. Other tokens listed on the exchange include Bitcoin, Ether, Ada, Algorand, Atom, Avalanche, Solana and Dogecoin.
• Binance Japan will initially offer spot trading services, yield generation through Binance Earn and access to the exchange’s non-fungible token marketplace.
• “By offering regulated exchange services in Japan, we’re 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,” Binance said in a blog post announcement.
• The launch of Binance’s Japan subsidiary marks the exchange’s reentry into the country two years after receiving a warning from the local financial regulator for failing to comply with registration requirements. Binance acquired local regulated platform Sakura Exchange BitCoin in November last year, which has been rebranded to Binance Japan Inc.
• The announcement comes as the world’s largest exchange faces increased regulatory scrutiny globally. It was forced to withdraw its crypto license application in Germany in July, a month after losing its euro banking partner. Its U.S. affiliate, Binance.US, was recently sued by the Securities and Exchange Commission for alleged securities violations.

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Zoltan Vardai

Zoltan is a writer at Forkast with a deep passion for storytelling and blockchain. Prior to joining the team, he worked as a marketing and content writer, focused on software and technology. Zoltan holds a master’s degree from the Ludwig Maximilian University of Munich and is interested in the future of global financial decentralization.

zoltan.vardai@forkast.studio @ZVardai

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Yohan Yun

Yohan is an Assignment Editor at Forkast and has worked as an assistant reporter covering stories in Asia for media publications such as Bloomberg BNA and Forbes, on topics related to Korea-US FTA, technology, environment, 2017 tax legislation amendments.

yohan.yun@forkast.news @hyoseopyun Yohan Yun

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