Binance Japan, a subsidiary of the world’s largest crypto exchange, Binance, has announced plans to increase the number of cryptocurrencies listed on its platform to 100. The exchange is also collaborating with local cryptocurrency exchanges to provide better liquidity to its users. Binance Japan previously offered access to 34 tokens for spot trading.The exchange is hopeful that local regulatory authorities will provide support to the growth and adoption of cryptocurrencies in Japan by constructing and enforcing a favorable regulatory framework for crypto assets. Binance Japan General Manager, Takeshita Chino expressed his vision for the exchange in the Asian country, stating that with better regulatory frameworks and innovative solutions, Binance’s crypto operations are sure to thrive and succeed in Japan.Binance made its first move to expand into Japanese crypto markets in November 2022 through the purchase of Sakura Exchange BitCoin (SEBC). The exchange is now offering its services to Japanese customers after complying with the country’s regulatory conditions.Binance is also aggressively pushing for global expansion. It recently announced plans to expand into Latin American markets by providing its crypto-to-cash payment service to nine countries within the region. The exchange is also considering an exit from Russian markets after launching its payment technology, Binance Pay in Brazil. Binance has also expanded to crypto-friendly markets like El Salvador, gaining multiple licenses and offering crypto services and products to locals within the country. It has also stated plans to develop and launch a Japanese yen-based stablecoin for Binance users in Japan.

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Information	Details
Geography	Asia
Countries	🇯🇵 🇧🇷 🇸🇻
Sentiment	neutral
Relevance Score	8
People	Checkout.com, Takeshita Chino
Companies	Binance, Sakura Exchange BitCoin, El Salvador, Tradingview.com, Checkout.com
Currencies	Ethereum, Japanese Yen, Bitcoin, BNB
Securities	None