The cryptocurrency exchange Binance, in the initial phase of its return to Japan, plans to list 34 coins. Coinpost reports.
The company will also list the native token BNB, which will become available in Japan for the first time.
Users will be able to access virtually all Binance services, including spot trading, Earn products, and the NFT marketplace.
In July, Binance chief Changpeng Zhao promised to return to the Japanese digital asset market by the end of the summer.
“Since 2017, Japan has had very clear rules governing cryptocurrency exchanges. They have become even better with the recent decision on the listing process, as well as with the adoption in June of rules for stablecoins,” Zhao said.
In 2018, FSA issued a warning to Binance about the need to obtain a licence to continue operating in the country. At the same time, the regulator tightened the risk assessment process when launching new cryptocurrency exchanges.
Two years later, Binance decided to restrict access to the platform for users in Japan. Later it emerged that the exchange and the local crypto trading firm TaoTao failed to reach an agreement on forming a joint venture.
In the summer of 2021, the FSA sent Binance another warning for operating without registration. In September 2022, the crypto exchange filed a renewed application for a licence in the country.
In Tokyo, WebX — Asia’s largest discussion forum for representatives of the Web3 industry. ForkLog prepared a special report from the event.