Binance Japan, aiming to bolster its market presence, has announced plans to list an additional 13 tokens, taking its total offerings in the country to 47 — a claim that positions it as the exchange with the highest number of tokens available in Japan.
The new tokens slated for listing on November 27 include 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), according to an announcement from Binance Japan on Wednesday.
Binance Japan Expands Token Offerings
The exchange highlighted that all 13 tokens are already listed on other registered exchanges in Japan and fall under the category of eligible tokens for a simplified assessment process by the Japan Virtual and Crypto Assets Exchange Association, a self-regulatory body in the country.
Takeshi Chino, the General Manager of Binance Japan, expressed the platform’s commitment to expanding its token offerings, stating, “This is another big step towards our ambition to offer 100 tokens in Japan. We will continue striving to enrich our service offerings in Japan by leveraging our global expertise and our leading blockchain ecosystem.”
The exchange entered the Japanese market in August after Binance acquired the local licensed crypto exchange Sakura Exchange BitCoin in November 2022 and rebranded it. This move marked Binance’s re-entry into Japan following a warning from the country’s financial regulator in 2021 regarding operating without permission.
It’s noteworthy that the exchange’s competitors, Coinbase and Kraken, have recently exited the Japanese market, citing challenging market conditions. Binance Japan’s expansion in token listings reflects its efforts to establish a strong foothold in the Japanese cryptocurrency landscape.