Binance Japan plans to triple number of listed tokens to 100: Bloomberg

Quick Take

  • Binance Japan said it intends to expand the number of tokens listed on its platform.
  • The exchange added that it plans to work with other local cryptocurrency exchanges to ensure better liquidity, local media reported.

Binance Japan, which launched full services earlier this month, said today that it aims to offer at least 100 tokens on its platform in the short term — about three times the current offering — according to a Bloomberg report.

Binance Japan’s representative said today in an online briefing that it plans to work with other local crypto exchanges in the country to ensure better liquidity in the market, Japanese crypto media outlet Coinpost reported. Changpeng Zhao, founder and CEO of Binance, retweeted the Coinpost article.

The Japanese arm of Binance, the world’s largest crypto exchange, currently lists 34 tokens. It has previously said that customers in Japan can gain access to services including spot trading, Earn products and its NFT marketplace.

A re-entry into Japan

In November 2022, Binance acquired 100% of Sakura Exchange BitCoin — paving the way for it to be regulated by the Japan Financial Services Agency.

The re-entry came after the JFSA issued warnings in 2021 against Binance, saying that the exchange was operating in the country without registration.

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