Leading cryptocurrency exchange Binance is preparing to launch all its services on its new platform designed specifically for Japan in August.
Binance Will Start Serving in Japan
The announcement was made by Binance founder Changpeng Zhao during a video presentation at a conference in Tokyo today.
Binance made a strategic move by purchasing Sakura Exchange BitCoin last November to consolidate its presence in the Japanese market.
This acquisition was followed by the company's announcement in May of this year that stated its commitment to build a platform in Japan that complies with all local regulations.
The platform aims to provide a comprehensive suite of services to Japanese users and fully comply with the country's strict legal requirements.
Binance's decision to expand its operations in Japan comes at a time when the cryptocurrency industry continues to gain momentum in the country.
Changpeng Zhao's announcement at the Tokyo conference caused significant interest and anticipation among cryptocurrency enthusiasts and investors in Japan.
With Binance's reputation as a global leader in the crypto exchange market, this move is expected to further boost the adoption and acceptance of digital assets in the Japanese market.
As the launch date approaches, Binance will be closely watched by industry participants, investors and regulators in Japan.
The exchange's commitment to abiding by local rules and regulations expresses its determination to maintain a positive and safe environment for crypto investors in the country.
*Not investment advice.