Adding Dozens Of Crypto Assets, Japanese Binance Becomes The Exchange That Sells The Most Cryptocurrencies To Users

Japanese Binance added 13 crypto assets to the platform. (Photo; Doc. ChainBulletin)

JAKARTA - Japan's Binance, a division of the world's largest crypto exchange, Binance, announced it would add 13 new tokens to its platform starting November 27. This was disclosed in an official statement released on November 15 yesterday.

With this addition, Binance Japan will offer 47 tokens. With this, Binance Japan is the crypto exchange that sells the most crypto assets in Japan.

The new tokens that will be added by Binance Japan are crypto assets based on blockchain and Web3 technology. Some examples of these new tokens are Hedera Hashgraph (HBAR), Near Protocol (NEAR), Optimism Network (OP), Immutable X (IMX), and Arbitrum (ARB).

In addition, Binance Japan will also offer other tokens such as ApeCoin (APE), Klatyn (KLAY), Lisk (LSK), The Graph (GRT), and Render Token (RNDR). These tokens are already listed on other crypto platforms operating in Asia. Binance Japan says these tokens have been assessed by the Japan Virtual Asset Exchange and Crypto Association (JVCEA) and are eligible for trading in Japan.

Takeshi Chino, CEO of Binance Japan, said that the addition of this new token is a big step towards Binance's ambition to offer 100 tokens in Japan. He also said that Binance is committed to helping Japan become a leader in Web3 adoption. He added that Binance will continue to enrich its service offerings in Japan by leveraging its leading global expertise and blockchain ecosystem.

Binance Japan is a crypto company regulated by the Japan Financial Services Agency (JFSA), the financial authority in Japan. Japanese Binance was founded in August 2023 after Binance acquired the Sakura Exchange BitCoin (SEBC), a company that provides crypto exchange services registered in Japan since 2022.

Binance's expansion in Japan comes amid the withdrawal of several other major crypto exchanges from the Japanese market earlier this year, such as Kraken and Coinbase. Japan is one of the countries that has strict crypto regulations, aimed at protecting customer funds and preventing illegal practices.