Binance entered the Japanese market

Representatives of the largest cryptocurrency exchange Binance announced that they managed to conclude a deal to purchase 100% of the shares of the Sakura Exchange BitCoin trading platform. Information about the cost of the transaction was not disclosed by the Binance press service. Thus, they gained access to the Japanese market, since SEBC were registered in the land of the rising sun.

The organization whose packages were purchased, by the way, is already under the control of the Japan Financial Services Agency. The latest by the local financial regulator, which opens up new opportunities for Binance. Japan has become the next country in which the Hong Kong cryptocurrency exchange was able to obtain official permission to conduct its legal activities.

Prior to this, Binance received the same approval in many other countries, including New Zealand, the United Arab Emirates, Bahrain, Spain, Italy, Poland, Lithuania, Kazakhstan, Cyprus, and France. In addition to the fact that Binance entered the Japanese market, this turn of events was their debut in the East Asia region. If in the future Binance wants to make moves towards the metaverses, then this can play into their hands. Studies have shown that 60% of all users of the world who love the metaverse come from East Asian countries.

Takeshi Chino became the General Manager of Binance Japan. He stated that Japan in the future can play a key role in the field of embedding cryptocurrencies into everyday environment, since the economy in the land of the rising sun is objectively one of the leading in the world and can offer a highly developed technological ecosystem. The situation was commented on by the CEO of Sakura Exchange BitCoin, Hitomi Yamamoto. He said that becoming part of the Binance business is a great honor for his firm.

The Sakura Exchange BitCoin exchange was known for being able to offer its clients not only brokerage services, but also provide the necessary advice. The Japanese company, headquartered in Tokyo, currently supports 11 trading pairs. There you can conduct purchase and sale acts with such cryptocurrency assets as Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Ethereum Classic, MonaCoin, Symbol, Cosplay Token, Cardano and NEM (XEM).