Binance Japan to open spot trading for 34 cryptocurrencies, BNB makes its debut in Japan

According to the report by Japanese media CoinPost, Binance Japan Co., Ltd plans to launch cryptocurrency exchange services in August, specifically spot trading services. It is expected to offer 34 cryptocurrency-to-Japanese Yen trading pairs, and Binance's exchange token BNB will be listed in Japan for the first time.

According to a report from the Japanese media CoinPost, Binance Japan Co., Ltd plans to launch cryptocurrency exchange services in August, specifically spot trading services, offering 34 cryptocurrency pairs for exchange against the Japanese Yen. Additionally, Binance's exchange token BNB will be listed in Japan for the first time.

バイナンスJP

・立ち上げから取扱銘柄数1位に
→上場規定の関係で最速で上場できる他取引所の取扱銘柄を優先、多少時間のかかる新規銘柄も積極的に追加しそう（上場ルールは改良されてきているので戦略的に可能）
・レバレッジ取引はなし
→一種金のライセンスを取る意向か次第（ライセンスの問題） pic.twitter.com/KSSj6TYEA9

— 各務貴仁｜CoinPost (@coinpost_kagami) August 1, 2023

Last November, Binance acquired 100% of the shares of the Japanese cryptocurrency asset trading platform service provider Sakura Exchange BitCoin SEBC, officially entering the Japanese market and being regulated by the Japanese Financial Services Agency (JFSA).

Based in Tokyo, SEBC previously supported 11 trading pairs against the Japanese Yen: BTC, ETH, BCH, XRP, LTC, ETC, XEM, MONA, ADA, XYM, and COT.

Now, Binance Japan will offer 34 cryptocurrency pairs against the Japanese Yen, and Binance's exchange token BNB will be listed in Japan for the first time.

According to CoinPost's research, the number of listed cryptocurrencies by major competitors in Japan are:

• Bitbank: 30 cryptocurrencies
• GMO Coin: 26 cryptocurrencies
• Coincheck: 22 cryptocurrencies

Therefore, in terms of the number of cryptocurrencies available for trading, Binance has become the top-ranked exchange in Japan.

However, since offering leveraged trading services in Japan, which require a strict "Type I Financial Instruments Business" license, Binance is not expected to provide leverage trading in the short term.

In addition, Binance Japan also plans to offer Simple Earn for earning interest by depositing cryptocurrencies, an NFT market, as well as "Auto Buy" and "API Connectivity" features to meet the needs of investors and traders.