Cryptocurrency exchange Binance, which is battling regulatory barriers in the Western world, is betting on Japan as a new territory for its services. The Japanese market is very interested in digital currencies. According to the press release, Binance is about to launch in the Land of the Rising Sun.
Changpeng Zhao personally announced this at a conference in Tokyo on July 25th. Prime Minister Kishida was there in person and is enthusiastic about promoting and developing Web3.
Back in November last year, Binance acquired the Sakura Exchange BitCoin exchange, which is licensed by the Japanese regulator FSA. But before entering the Japanese market was still far away. Previously, Binance denied Japanese customers access to its global platform. But now users in Japan can look forward to a new localized exchange.
For Binance, coming to Japan is a smart move to bypass regulatory issues in the west and gain a foothold in a country where there is huge interest in cryptocurrencies. Whether it’s the Metaverse, Web3, or other exciting concepts, Japan will benefit from Binance’s presence in the crypto space and be a pioneer in the digital revolution.
