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Binance Japan is set to introduce 13 new tokens, among which are Near and Optimism
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Binance Japan is set to introduce 13 new tokens, among which are Near and Optimism

Nov 15, 2023
Binance Japan is gearing up to add 13 additional tokens to its platform, expanding its total offerings to 47, which the exchange claims is the highest number in the country.

The newly listed tokens comprise Hedera Hashgraph (HBAR), Near Protocol (NEAR), Optimism (OP), Immutable X (IMX), Arbitrum (ARB), The Graph (GRT), Render Token (RNDR), Decentraland (MANA), EOS (EOS), GALA (GALA), ApeCoin (APE), Klaytn (KLAY), and Lisk (LSK). These tokens are scheduled to be available for trading on November 27th.

Binance Japan noted that all 13 tokens are already listed on other registered exchanges in Japan and have been classified as eligible tokens for a simplified assessment process by the self-regulatory body in Japan, known as the Japan Virtual and Crypto Assets Exchange Association.

Takeshi Chino, the general manager of Binance Japan, expressed their ambition to offer 100 tokens in Japan, stating, "This is another significant step toward our goal. We will continue to enhance our service offerings in Japan by leveraging our global expertise and leading blockchain ecosystem."

Binance Japan was launched in August after Binance acquired the local licensed crypto exchange Sakura Exchange BitCoin in November 2022 and subsequently rebranded it. This move marked Binance's return to Japan following warnings from the country's financial regulator in 2021 about operating without permission.

Notably, Binance's competitors Coinbase and Kraken have recently exited the Japanese market, citing unfavorable market conditions.

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