Binance’s Japanese division announced plans to list 13 new tokens for spot trading and crypto-earning services starting Nov. 27, according to a Nov. 15 statement shared with CryptoSlate.
This move increases the exchange’s token offerings from 34 to 47, making it the largest platform with the most extensive token selection in Japan. Per the statement, the exchange is listing crypto assets like Hedera Hashgraph (HBAR), Near Protocol (NEAR), Optimism Network (OP), Immutable X (IMX), and Arbitrum (ARB).
Binance Japan revealed that the 13 tokens are already listed on other registered platforms in the Asian country. According to the firm, these assets were deemed eligible following assessments by the Japan Virtual and Crypto Assets Exchange Association (JVCEA).
Takeshi Chino, BInance Japan CEO, said:
“This is another big step towards our ambition to offer 100 tokens in Japan. Binance is fully committed to helping Japan take a leading role in Web3 adoption. We will continue striving to enrich our service offerings in Japan by leveraging our global expertise and our leading blockchain ecosystem.”
In August, Binance re-entered the Japanese market as a Japan Financial Services Agency (JFSA)-regulated firm after acquiring Sakura Exchange BitCoin (SEBC), a registered crypto exchange service provider, in 2022.
Meanwhile, Binance’s expansion in Japan coincides with the departure of major players like Kraken and Coinbase earlier this year.
Japan is one of the few countries that has maintained strict crypto regulations. The regulatory framework was crucial in safeguarding FTX Japan customers’ funds from the parent company’s bankruptcy.
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