Binance Japan to List 13 New Tokens
Binance Japan is expanding its token offerings by adding 13 new tokens, bringing the total to 47, making it the exchange with the highest number of tokens in Japan. The new tokens include Hedera Hashgraph (HBAR), Near Protocol (NEAR), Optimism (OP), Immutable X (IMX), Arbitrum (ARB), The Graph (GRT), Render Token (RNDR), Decentraland (MANA), EOS (EOS), GALA (GALA), ApeCoin (APE), Klaytn (KLAY) and Lisk (LSK). These listings are set for Nov. 27.
All 13 tokens are already listed on other registered exchanges in Japan and are classified as eligible tokens for a simplified assessment process by the Japan Virtual and Crypto Assets Exchange Association, a self-regulatory body in Japan. Binance Japan aims to offer 100 tokens in Japan and is committed to enriching its service offerings in the country by leveraging its global expertise and leading blockchain ecosystem.
Binance’s Expansion and Re-entry into the Japanese Market
Binance Japan was launched in August after Binance acquired the local licensed crypto exchange Sakura Exchange BitCoin in November 2022. This move marked Binance’s re-entry into Japan after the country’s financial regulator had warned it of operating without permission in 2021. It is worth noting that Binance’s rivals Coinbase and Kraken have recently exited the Japanese market due to market conditions.
Hot Take: Binance’s Ambitious Growth in Japan
Binance Japan’s continuous expansion of token offerings demonstrates its commitment to becoming a prominent player in the Japanese crypto market. By leveraging its global expertise and leading blockchain ecosystem, Binance aims to provide a diverse range of tokens to Japanese traders, positioning itself as a key exchange in the region despite regulatory challenges and competition from other platforms.
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