After five years of absence, the renowned crypto exchange Binance has found a way back into the Japanese market . The acquisition of regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022 paved the way for Binance’s reentry . SEBC, which is regulated by Japan’s Financial Services Agency (FSA), will cease operations in May and transition to the new name, Binance Japan .
Official Launch of Binance Japan Scheduled for June 2023
Binance Japan is set to become a prominent subsidiary of the Binance empire, offering Japanese users access to leading crypto trading and exchange services . The official launch is scheduled for June ,2023 . During the transition period funds remaining on the SEBC platform will be converted into Japanese yen and automatically transferred to users’ bank accounts to ensure the security of their funds .
Binance Expands Global Presence through Strategic Acquisitions
Binance’s reentry into the Japanese market demonstrates the company’s strategy of expanding its global presence in the midst of increasingly strict regulations . By acquiring locally regulated entities, Binance stays ahead of its competitors . The successful expansions into Singapore, Malaysia and Thailand have demonstrated the effectiveness of this approach . While entering Japan proved more challenging in the past , the acquisition of SEBC stresses Binance’s determination to reclaim its position in the Japanese market .
Why Is Binance So Popular?
Binance has gained immense popularity due to its comprehensive range of features and services . With an extensive selection of cryptocurrencies available for trading from established coins to promising newcomers Binance attracts traders seeking diverse investment opportunities . Its user-friendly platform and robust security measures instill trust and confidence among users . Advanced trading features like margin trading and futures contracts cater to experienced traders .
Binance’s global presence, with localized platforms and multilingual support, allows it to reach a wide international user base . The exchange continually introduces innovative products such as Binance Launchpad and Binance Earn that provides users with opportunities for participation and passive income generation . Additionally strategic partnerships with blockchain projects and financial institutions enhance Binance’s reputation and contribute to its prominence in the cryptocurrency market .
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