Binance Japan Expands Offerings, Lists 13 More Tokens

Vignesh Karunanidhi
Binance Japan Expands Offerings, Lists 13 More Tokens

Binance’s Japanese platform is significantly expanding its token offerings, aiming to provide the widest selection among local exchanges. Binance Japan announced it would list 13 additional cryptocurrencies, bringing its total to 47.

The new listings slated for November 27th include Hedera Hashgraph (HBAR), Near Protocol (NEAR), Optimism (OP), and other major tokens. Binance Japan stated all 13 assets are already traded on other registered Japanese exchanges. The exchange also stated that they fall under an expedited approval process.

“This is another big step towards our ambition to offer 100 tokens in Japan,” said Binance Japan’s general manager Takeshi Chino. “We will continue striving to enrich our service offerings in Japan by leveraging our global expertise and our leading blockchain ecosystem.”

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Additions come after Binance relaunched in Japan

The additions come shortly after the exchange relaunched in Japan this August, acquiring and rebranding local exchange Sakura Exchange BitCoin. This marked the exchange’s official return to Japan after regulators warned it against operating without a license in 2021.

Binance is now poised to become Japan’s most diverse trading platform for digital assets. The aggressive token expansion contrasts with rival exchanges Coinbase and Kraken recently pulling out of Japan due to challenging market conditions.

Binance Japan’s vault to the top of the local token count serves as a boon for traders seeking variety. But sustainability will depend on adhering to strict oversight as Japan deliberates comprehensive crypto legislation.