Binance has officially launched a dedicated trading platform for users residing in Japan. Binance acquired the Japanese licensed crypto trading company SAKURA Exchange BitCoin, Inc. in November 2022 and has now rebranded the exchange to become Binance Japan.
Existing Japanese customers of Binance global will be able to migrate their holdings to a new account and wallet address specific to Binance Japan, this migration will initiate on August 14, 2023.
Platform Details and Services Offered
Binance Japan offers users spot trading and Earn products with a token list of 34 supported cryptocurrencies for trading, including BTC, ETH, BNB, ADA, ALGO, ASTR, ATOM, AVAX, AXS, BAT, BCH, CHZ, DAI, DOGE, DOT, ENJ, ETC, IOST, JASMY, LINK, LTC, MATIC, MKR, ONT, QTUM, SAND, SHIB, SOL, TRX, XEM, XLM, XRP, XTZ, and ZIL.
Binance Japan enables the depositing and withdrawal of both cryptocurrencies and JPY Yen. This platform comes with two Earn products: Simple Earn and Auto-Invest. Simple Earn allows users to earn daily rewards simply by depsoiting digital assets onto Binance Japan. With Auto-Invest, users can automate crypto deposits and swap orders during specific periods with predetermined amounts.
Conclusion
Binance Japan is a significant development for Binance in the Asia-Pacific region. This platform marks the first time that the BNB token will be available for spot trading in any capacity in the country.
