Japanese arm of Binance, the world’s largest crypto exchange Binance Japan announced that it will list 13 more tokens in the future. This will bring the crypto exchange’s list to 47, higher than any other service provider in the country.
Is Binance Expanding Its Services in Japan?
According to the statement, 13 new tokens will be added to Hedera Hashgraph (HBAR). Near Protocol (NEAR), Optimism (OP), GALA (GALA). ApeCoin (APE), Immutable X (IMX), Arbitrum (ARB), The Graph (GRT), Render Token (RNDR). Decentraland (MANA), EOS (EOS), Klaytn (KLAY) and Lisk (LSK). He added that spot trading for these cryptos will start from November 27, 2023.
Binance Japan stated that users can expect a range of services other than just spot trading for various digital assets.
GALA Gains Momentum as HBAR, NEAR Jump
On the market side, HBAR and NEAR Prices increased by 4% and 9% respectively. HBAR is trading at an average of $0.06, while NEAR is trading at $1.68 at the time of writing.
This news comes after Bitcoin broke the much-anticipated $37,000 price mark. However, despite cooling inflation, cumulative market value shrank by more than 2% on Wednesday.
GALA, on the other hand, showed a huge increase of 11.5% in the last 24 hours. In this context, the token has gained 80% in the last 30 days. GALA is trading at an average price of $0.024 at the time of writing.
Binance Japan CEO Takeshi Chino stated that this is the next big step towards the goal of processing 100 cryptocurrencies on the exchange. This move will help them play a leading role in expanding Binance users in Japan.
Binance Japan was founded in August 2022. The move helped the largest crypto exchange re-enter Japan after a regulatory warning was issued in 2021.