Summary
- Binance Japan plans to add tokens to its platform.
- The exchange also stated that it intended to collaborate with additional regional bitcoin exchanges to guarantee better liquidity, according to local media.
Binance Japan, which started full services earlier this month, announced today that it plans to provide at least 100 tokens on its platform in the short term, three times the present offering, according to Bloomberg.
In an online briefing today, Binance Japan’s representative said it will engage with other local crypto exchanges to improve market liquidity, Coinpost said. Binance founder and CEO Changpeng Zhao retweeted Coinpost.
The Japanese branch of Binance, the largest crypto exchange, lists 34 tokens. It previously offered spot trading, Earn products, and its NFT marketplace to Japanese users.
Also Read: Sakura Exchange Bitcoin Now Binance Japan: New Phase in the Crypto Market
Re-entry Into Japan
Binance’s 100% purchase of Sakura Exchange BitCoin in November 2022 opened the door for it to come under the jurisdiction of the Japan Financial Services Agency, allowing it to become regulated.
The JFSA warned Binance in 2021 that it was operating in the nation without registration, prompting its re-entry.
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