Binance has announced that they have acquired Sakura Exchange BitCoin (SEBC) as they look to enter the Japanese crypto market. The world’s leading crypto exchanges enters Japan as a Japan Financial Services Agency (JFSA) regulated entity.
This adds to Binance’s goal of pushing crypto adoption worldwide.
Previously, Binance had acquired regulatory approval from France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland, Lithuania and Cyprus. Japan will be their first approval in east Asia
The Japanese market will play a key role in the future of cryptocurrency adoption
Takeshi Chino, general manager of Binance Japan
SEBC currently has 11 trading pairs on the exchange
BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY, and COT/JPY.
