The world’s leading Blockchain ecosystem and cryptocurrency infrastructure provider BinanceJapan-registered crypto exchange service provider Sakura Exchange BitCoin (SEBC) announced that it has purchased 100% of it.
Binance Acquires Exchange in Japan
Through this acquisition Binance, Japan Financial Services Agency (JFSA) entered the Japanese market as an organization regulated by
The terms of the transaction were not disclosed. Binance, which will offer Japanese regulated services through SEBC, aims to support a responsible global environment for cryptocurrencies.
Binance has received regulatory approvals or authorizations in France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland, Lithuania and Cyprus.
The acquisition of SEBC marks Binance’s first license in East Asia.
Takeshi Chino, Managing Director of Binance Japan, said: “The Japanese market will play a key role in the future of cryptocurrencies adoption.
As one of the world’s leading economies with a highly developed technology ecosystem, it is already poised for a strong blockchain uptake.
We will actively work with regulators to develop our combined exchange in a harmonious way for local users. We look forward to helping Japan take a leading role in crypto.”
SEBC is a JFSA registered crypto company that provides advisory services as well as brokerage services to its clients.
The Tokyo-based exchange currently supports 11 trading pairs: BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY and COT/JPY.
SEBC CEO, Hitomi Yamamoto, said: “We are honored and delighted to make this announcement with Binance, one of the world’s leading crypto-asset exchange service providers.
Along with our effort to prioritize user protection, Binance’s robust compliance system will contribute to creating a more harmonious atmosphere for users in Japan and help them access the essential crypto services needed for mass adoption in the future.”
*Not investment advice.
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