Japanese traders on Binance are going to enjoy 13 new tokens to trade against their favourite virtual currencies. In a recent statement shared by Binance Japan, the company will offer 47 digital currencies to trade on its platform, making it one of the largest in the Japanese market.
Binance Japan to List 13 New Tokens
Binance Japan is expanding thanks to a decision to list 13 new tokens on the platform. There will now be 47 virtual currencies that include Optimism Network (OP), Immutable X (IMX), Hedera Hashgraph (HBAR), and others. As per the CEO of the company, the goal is to reach as many as 100 coins on the platform.
The CEO of Binance Japan, Takeshi Chino, said about this decision:
“This is another big step towards our ambition to offer 100 tokens in Japan. Binance is fully committed to helping Japan taking a leading role in Web3 adoption. We will continue striving to enrich our service offerings in Japan by leveraging our global expertise and our leading blockchain ecosystem.”
It is worth taking into consideration that Japan has been one of the countries with the strictest crypto regulations, especially for companies. This has affected the way in which companies operate in the country.
This expansion in terms of available cryptocurrencies on Binance Japan comes a few months after the official launch of this exchange in the Asian country. According to Nikkei Asia, Binance Japan announced its official landing in the Japanese market in August this year.
Binance is one of the largest cryptocurrency companies in the world and the largest crypto exchange in terms of trading volume. Therefore, this expansion in the Japanese market will help settle and reinforce its position in the Asian markets.