Binance launches Japan exchange as it targets expansion in Asia

World’s largest digital asset exchange due to go live later this year with applications open soon

Binance – the world’s largest digital-asset exchange – has launched a crypto trading platform in Japan as it bids to tap into the vast Asian market.

The platform fully complies with local rules and was launched on Tuesday. However, a Binance statement said residents will need to wait until later this month to apply for accounts.

Locals will lose access to Binance’s global platform from the end of November with trading set to begin on the Japan platform at the start of December. 

Binance Japan will offer users access to 34 different tokens – more than any other exchange in the nation. 

Binance revised its interest in launching in Japan last year with the country looking to boost its blockchain-based industries having eased some of its strict cryptocurrency rules. 

However, it’s a market that has always been at the forefront of Binance’s plans having ditched its plan to build a headquarters in Japan as early as 2018 due to permit issues.

A crackdown on regulation within the US and Europe has begun to guide Binance and other crypto firms in the direction of Asia. With steps also made in South Korea and Thailand. 

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Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.

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