Binance Japan, which started operating earlier this month, announced today that it aims to offer at least 100 tokens on its platform in the short term.
Binance Japan Plans to Triple the Number of Listed Tokens to 100
Binance Japan plans to work with other local crypto exchanges in the country to provide better liquidity in the market, a representative for Binance Japan said in an online briefing today.
The Japanese arm of Binance, the world's largest crypto exchange, currently lists 34 tokens. It has previously said that customers in Japan will be able to access services such as spot trading, Earn products and the NFT market.
This approach aims to produce a thriving ecosystem for traders and investors in the Japanese market, providing powerful trading opportunities and improving the overall user experience.
Binance's re-entry into Japan follows previous regulatory concerns. JFSA warned about Binance's activities in the country in 2021 and emphasized that the exchange was operating without proper registration.
It led Binance founder and CEO Changpeng Zhao to retweet an article from Japanese crypto media outlet Coinpost, further signaling the exchange's intentions.
The subsequent acquisition and regulatory commitment underscore Binance Japan's commitment to promoting a safe and regulated trading environment for crypto enthusiasts in Japan, while also advancing the exchange's mission of global expansion and innovation.
*This is not investment advice.