Binance crypto exchange acquired JSFA-registered Japanese crypto exchange to expand its presence in the Japanese crypto market under full compliance.
Binance is a popular crypto exchange, which provides almost every kind of crypto service like a decentralized digital wallet, crypto payment via BinancePay, Token launchpad, etc. The exchange was launched in July 2017 and now this is standing at the first rank in the crypto sector. Due to the better position of the Binance exchange, the backend team behind this platform always remains ready to push crypto education & awareness via educational programs.
On 30 November, Changpeng Zhao, CEO & founder of Binance exchange, informed his followers that Binance exchange successfully acquired Sakura Exchange BitCoin, a fully regulated Japan-based Bitcoin exchange.
#Binance Acquires JFSA Registered Sakura Exchange BitCoin, Committed to Enter Japan Under Regulatory Compliancehttps://t.co/xfdnaY2hiO
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Binance (@cz_binance) November 30, 2022
Takeshi Chino, general manager of Binance Japan, said that Japan has huge potential and will a significant role in the innovations & adoption of Crypto & blockchain technology.
Further added:
” It’s already poised for strong blockchain uptake. We will actively work with regulators to develop our combined exchange in a compliant way for local users. We are eager to help Japan take a leading role in crypto.”
Sakura Exchange BitCoin (SEBC) is a fully JFSA-registered digital assets platform that offers its ccustomer’ consultation services in addition to providing trading services. Now Binance is owner of the 100% stacks of in this Japanese crypto company.
Hitomi Yamamoto, CEO of SEBC, said that he is happy that SEBC is now under that crypto company which is the first rank in this crypto world & highly trusted among the crypto investors.
Yamamoto also said that the support of Binance exchange will also help SEBC to provide services under an enhanced compliance & increased security environment to the Japanese crypto investors.
Read also: Cardano Founder Says Significant Boost in Crypto Will Happen Because of Elon Musk
Binance acquires Japanese crypto exchange SEBC
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