1. BITBILIHome
  2. Article

Binance Japan set to triple token offerings

• 23 views

TL;DR Breakdown

  • Binance Japan has set its sights on introducing a minimum of 100 tokens in the near future, marking a significant threefold increase from its current selection.
  • A representative from Binance Japan revealed their strategic intention to collaborate with other local cryptocurrency exchanges in the Japanese market.

Description

Binance Japan, which recently initiated its full suite of services earlier this month, has unveiled ambitious plans to substantially expand its token offerings on its platform. According to a recent report from Bloomberg, the exchange has set its sights on introducing a minimum of 100 tokens in the near future, marking a significant threefold increase … Read more

Binance Japan, which recently initiated its full suite of services earlier this month, has unveiled ambitious plans to substantially expand its token offerings on its platform. According to a recent report from Bloomberg, the exchange has set its sights on introducing a minimum of 100 tokens in the near future, marking a significant threefold increase from its current selection.

In a recent online briefing, a representative from Binance Japan revealed their strategic intention to collaborate with other local cryptocurrency exchanges in the Japanese market. This collaborative approach aims to enhance liquidity within the market, thereby fostering a more robust trading ecosystem. The Japanese crypto news outlet Coinpost reported this development, which was subsequently retweeted by Changpeng Zhao, the founder and CEO of Binance.

Binance re-entry in Japan

Presently, Binance Japan, the local counterpart of the world’s largest cryptocurrency exchange, features 34 tokens on its platform. The company has previously communicated its array of services accessible to Japanese customers, encompassing spot trading, various Earn products, and its own non-fungible token (NFT) marketplace.

Binance’s re-entry into the Japanese market was catalyzed by its acquisition of 100% ownership in Sakura Exchange BitCoin in November 2022. This acquisition positioned the exchange to operate within the regulatory framework established by the Japan Financial Services Agency (JFSA). Notably, this return to the Japanese market followed warnings issued by the JFSA in 2021, when it cautioned against Binance’s activities due to its lack of registration within the country.

The exchange recently introduced a novel service called “Send Cash” aimed at streamlining the process of transferring cryptocurrencies to bank accounts in Latin America. Rolled out on August 29, this service is presently accessible to users in nine specific countries: Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, the Dominican Republic, Panama, and Mexico. In its initial phase, the service will facilitate transfers exclusively to bank accounts located in Colombia and Argentina.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Binance Japan set to triple token offerings

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月30日 21:33
Next 2023年8月30日 22:55

Related articles

  • Optimism network completes Bedrock upgrade

    TL;DR Breakdown Optimism network has completed its bedrock upgrade which will trigger some major improvements. The network teases future projects and collaborations. The Optimism network, a popular Ethereum Layer-2 solution, completed its highly anticipated “Bedrock” upgrade on June 7th. Developed by OP Labs, this upgrade brings a host of improvements aimed at creating a robust and scalable Web3 ecosystem based on Optimism’s OP Stack software. Optimism network promises major improvements One of the key highlights of the Bedrock upgrade is the implementation of several gas optimizations. Through extensive research and development, the Optimism team has managed to reduce data availability fees on Ethereum by 40%. This reduction in fees is directly passed on to users, resulting in lower gas fees when transacting on the Optimism network. Moreover, the upgrade introduces a crucial enhancement in the form of recognizing chain reorganizations (reorgs) on Ethereum. These reorgs are now reflected in the user’s Optimism balance, allowing for a significant reduction in deposit times. Previously, it took an average of 10 minutes for deposits from Ethereum to achieve finality on the Optimism network….

    Article 2023年6月13日

  • Dapper Labs lays off 51 employees in third round of cuts in 9 months

    TL;DR Breakdown Dapper Labs has laid off 51 employees in its third round in less than a year Despite the cuts, the CEO has emphasized that both the company and Flow, its blockchain, are adequately capitalized The move comes amid a larger decline in NFT markets Description Dapper Labs has laid off 51 employees in its third round in less than a year. Dapper Labs CEO Roham Gharegozlou highlighted that the staff laid off constituted both full-time staff and C1 contractors. Despite the cuts, the CEO has emphasized that both the company and Flow, its blockchain, are adequately capitalized.  Gharegozlou said the … Read more Dapper Labs has laid off 51 employees in its third round in less than a year. Dapper Labs CEO Roham Gharegozlou highlighted that the staff laid off constituted both full-time staff and C1 contractors. Despite the cuts, the CEO has emphasized that both the company and Flow, its blockchain, are adequately capitalized.  Gharegozlou said the decision was hard since amazing “colleagues and friends” were affected. He added that it was a necessary step and the…

    Article 2023年7月13日

  • Beware of crypto scams amid the XRP hype

    TL;DR Breakdown Ripple Labs recently won a court case, leading to a surge in the XRP token’s value. This victory marks significant progress towards regulatory clarity in the U.S. crypto industry. The sudden increase in XRP’s value has attracted scammers looking to exploit the hype. Description The recent legal victory of Ripple Labs, with the courts declaring its XRP token as not a security, has stirred up a surge of excitement among investors and cryptocurrency enthusiasts. However, with heightened interest comes a surge in potential scams, a matter that Ripple’s Chief Technology Officer, David Schwartz, has passionately highlighted to protect the … Read more The recent legal victory of Ripple Labs, with the courts declaring its XRP token as not a security, has stirred up a surge of excitement among investors and cryptocurrency enthusiasts. However, with heightened interest comes a surge in potential scams, a matter that Ripple’s Chief Technology Officer, David Schwartz, has passionately highlighted to protect the public. The journey to regulatory clarity This recent boom in XRP interest results from a court ruling in favor of Ripple…

    Article 2023年7月15日

  • CoinsPaid Resumes Operations After Hacker Attack; Collaborates with Crypto Community

    TL;DR Breakdown CoinsPaid rebounds after a hacker attack by the Lazarus Group, preventing higher losses through robust security measures and expert response. The company collaborates with crypto community members, initiates an investigation, and aims to lead an industry-wide initiative to strengthen security and prevent similar attacks in the future. Description In a shocking turn of events, leading cryptocurrency payment provider CoinsPaid recently experienced a major hacker attack on July 22nd, resulting in a loss of USD 37.3 million. The suspected culprit behind this audacious heist is the notorious Lazarus Group, a powerful hacker organization known for targeting high-profile companies worldwide. Despite the staggering nature of … Read more In a shocking turn of events, leading cryptocurrency payment provider CoinsPaid recently experienced a major hacker attack on July 22nd, resulting in a loss of USD 37.3 million. The suspected culprit behind this audacious heist is the notorious Lazarus Group, a powerful hacker organization known for targeting high-profile companies worldwide. Despite the staggering nature of the attack, CoinsPaid’s dedicated team of experts swiftly responded, fortifying their systems to minimize the impact and…

    Article 2023年7月27日

  • Wall Street gains as U.S. inflation shows signs of slowing

    TL;DR Breakdown Signs of slowing inflation boosted Wall Street, decreasing chances of a September interest rate hike by the Federal Reserve. S&P 500 and Nasdaq Composite marked substantial gains. The “core” PCE index dropped to a 20-month-low, signaling slowing inflation. US wage growth increased slower than expected in Q2. Description The specter of inflation, long regarded as Wall Street’s archnemesis, seems to be tempering its haunting wails. Signs of a slowdown in the relentless inflationary surge have sparked a celebration in the US equity markets, as the odds of an additional interest rate hike by the Federal Reserve in September dissipate. Stellar performance in Wall … Read more The specter of inflation, long regarded as Wall Street’s archnemesis, seems to be tempering its haunting wails. Signs of a slowdown in the relentless inflationary surge have sparked a celebration in the US equity markets, as the odds of an additional interest rate hike by the Federal Reserve in September dissipate. Stellar performance in Wall Street’s equity market Wall Street took the day with a flourish, the S&P 500 – the index…

    Article 2023年7月30日
TOP