As stated by Binance, “We are proud to announce the launch of Binance Japan, our new platform designed for the Japanese market. New users in Japan can now access a range of products and services, including spot trading and Earn products.”
Crypto exchange Binance aims to add trading services for 34 tokens, including Bitcoin, Ethereum, and BNB, on Binance Japan, a new platform that caters to Japanese clients.
According to Binance’s blog post, the newly launched platform will allow clients to participate in Simple Earn and Auto Invest products. Users of Binance Japan will also be able to trade NFTs and access spot trading and token conversion facilities.
Binance will also issue a separate notice to existing Japanese clients on August 14 to initiate their migration from Binance's global platform to the new exchange. While users are free to deposit their Japanese Yen and crypto assets, they will have to wait until August 20 before they can receive withdrawals made in Yen.
In late 2022, Binance re-entered the Japanese market after acquiring SAKURA Exchange BitCoin (SEBC), a local crypto exchange. A few weeks ago, the firm announced its plans to launch the now-rebranded SEBC Exchange as Binance Japan.