NewsletterBinance Japan Boosts Crypto Offerings with 13 New Tokens
Binance Japan has announced the addition of 13 new cryptocurrencies to its platform. This move, set for November 27th, increases the exchange’s token count to 47. Among the new additions are notable names such as Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB). These tokens join a diverse lineup, enhancing Binance Japan’s position as a leading cryptocurrency exchange in the nation.
A Spectrum of Digital Assets
This array of new tokens is diverse since it includes Hedera Hashgraph (HBAR), Immutable X (IMX), The Graph (GRT), Render Token (RNDR), Decentraland (MANA), EOS (EOS), GALA (GALA), ApeCoin (APE), Klaytn (KLAY), and Lisk (LSK). Binance Japan emphasizes that these tokens are not just new additions but are already part of other registered exchanges in Japan. Hence, they qualify for a simplified assessment process by the Japan Virtual and Crypto Assets Exchange Association, streamlining their integration into Binance Japan’s offerings.
Binance Japan’s Strategic Expansion
This announcement is a significant development, especially considering the recent market exits of Coinbase and Kraken from Japan. Consequently, Binance Japan fills the gap left by its competitors and strengthens its market presence.
Takeshi Chino, general manager of Binance Japan, highlights this expansion as part of their broader goal to offer 100 tokens in Japan. He underscores the company’s commitment to leveraging global expertise and blockchain technology to enhance its service offerings in Japan.
Reaffirming Market Presence
Binance Japan’s expansion is noteworthy, especially after re-entry into the Japanese market. The launch in August followed the acquisition of Sakura Exchange BitCoin in November 2022, renamed subsequently.
This move was a comeback for Binance in Japan after facing regulatory challenges in 2021. Hence, adding these 13 tokens is not just an expansion but a reaffirmation of Binance Japan’s commitment to providing a robust and diverse crypto trading platform for its users.
Read Also: Binance To Suspend Crypto Services For Japan By November 30
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