Binance Plans to Expand Token Offering in Japan
If you’re a crypto enthusiast in Japan, you’ll be pleased to know that Binance has announced its intention to introduce up to 100 tokens in the country. The exchange disclosed that it will be listing 13 new digital assets, including Arbitrum, Near, and Optimism. These tokens are set for listing and spot trading on November 27, bringing the total number of tradable assets on the platform to 47. What’s interesting is that these coins qualify for simplified assessment and listing through Japan’s self-regulating crypto watchdog. Binance Japan’s general manager Takeshi Chino noted that this move is a significant step towards offering 100 tokens to local traders and investors. This expansion comes as Binance re-established its presence in Japan after acquiring Sakura exchange Bitcoin. The company initially exited the market in 2018 due to regulatory issues but has now returned with renewed vigor as the country shows more support for digital asset ecosystems.
Hot Take: Binance’s Expanding Presence in Japan Signals Growth in Crypto Acceptance
Binance’s decision to increase its token offering in Japan reflects the growing acceptance and support for cryptocurrencies in the country. With Prime Minister Fumio Kishida expressing his backing for developing a digital asset ecosystem, Binance’s move seems well-timed. By leveraging its global blockchain expertise, Binance aims to expand its footprint across Japan, providing local traders and investors with access to an extensive range of digital currencies. The company’s return to Japan signifies a positive shift in how cryptocurrencies are perceived in the country and bodes well for the future of crypto trading and investment in Japan.
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