Binance Japan, a subsidiary of Binance, announced the launch of a local dedicated crypto exchange to start onboarding new customers in Japan. Existing customers who have global Binance accounts will be able to initiate the migration process after August 14.
Binance Japan will offer spot trading, Earn products, and NFT marketplace for local users. At launch, a total of 34 cryptocurrencies are available on Binance Japan, including $BTC, $ETH and $BNB. This is the first time that $BNB is available in Japan. The exchange said it will also provide derivatives services in a locally compliant manner in the future.
Binance acquired Japan's crypto exchange Sakura Exchange BitCoin (SEBC) last November, and changed its name to Binance Japan.