Binance Announces Grand Return to Japanese Crypto Market, Sets Launch Date

Binance Re-Enters Japanese Crypto Market 

In a landmark announcement at the prestigious WebX 2023 conference in Tokyo, Binance, the world's largest cryptocurrency exchange, revealed its highly-anticipated re-entry into the Japanese market after ceasing operations in 2018. 

Set to launch in August, Binance CEO Changpeng Zhao (CZ) stated that the platform had worked diligently with the Japanese government to ensure compliance with local regulations. This marks a significant milestone for the cryptocurrency industry, as Japan boasts one of the world's most stringent regulatory environments for digital assets.

“It’s fantastic to see Japan being a leader in the Web3 regulatory environment,” CZ lauded the country’s regulatory policy. “Japan had very clear regulations from 2017, with Crypto Exchange regulations and more recently this year with the opening up of Crypto Listing Frameworks, as well as in June, the passing of Stablecoin regulations.”

During the conference on Tuesday, CZ emphasized Binance's commitment to offering Japanese investors a safe and secure platform for their cryptocurrency trading activities. He expressed excitement over re-establishing Binance's presence in Japan following up Binance’s acquisition of Sakura Exchange BitCoin (SEBC) last November: 

“Binance is extremely happy to be able to participate in the Japanese market again. From the acquisition of the SEBC platform last November and we are going to launch the full service in August. Hopefully we will see our platform again and see you soon in Japan.”

Safe and Secure Platform for Investors?

With the platform's adherence to Japan's stringent regulatory standards, investors can finally enjoy peace of mind while participating in the dynamic world of digital assets. Furthermore, the wide array of features offered by Binance Japan is expected to appeal to novice traders and seasoned professionals, thereby fostering greater participation and growth within the market.

The news of Binance's re-entry into the Japanese market in August has been met with mixed reactions. Some people are excited to see Binance return to Japan, while others are concerned about the company's history of regulatory compliance issues.

Only time will tell how Japanese investors and the wider cryptocurrency community will receive Binance Japan. However, the company's re-entry into the market is a significant development for the cryptocurrency industry, as Japan is one of the most regulated cryptocurrency markets in the world.

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. 

The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

Website | Twitter | Discord | Telegram |

‍