New Cryptocurrencies on Binance Japan
Binance Japan has announced the addition of 13 new digital assets to its platform, including NEAR, IMX, and MANA, bringing the total offerings to 47 with plans to reach 100 in the future.
NEAR, IMX, MANA, and Many More
The Japanese subsidiary of Binance revealed that users will be able to trade several new digital assets starting November 27th. The new additions include HBAR, NEAR, OP, IMX, ARB, GRT, RNDR, MANA, EOS, GALA, APE, KLAY, and LSK. Binance Japan’s CEO expressed excitement about leveraging Binance’s blockchain ecosystem and global knowledge to expand services in Japan.
Following this announcement, NEAR and KLAY experienced gains of over 7%, while OP saw a 6% increase in value within a 24-hour period.
Binance’s Return to Japan
Binance’s re-entry into the Japanese market comes after acquiring Sakura Exchange BitCoin (SEBC), allowing the company to provide cryptocurrency services after a five-year absence due to regulatory issues. The General Manager of Binance Japan emphasized the importance of Japan in the future of cryptocurrency adoption and expressed eagerness to work with regulators for compliance.
Hot Take: Binance Japan Expansion Signals Growing Market
Binance Japan’s strategic expansion signals a growing market for cryptocurrencies in Japan. The addition of new digital assets and plans for further growth demonstrate confidence in the country’s economy and regulatory environment. As more cryptocurrencies become available on the platform, it is likely that this move will contribute to increased crypto adoption in Japan.