Binance has announced the acquisition of 100% of Sakura Exchange BitCoin (SEBC), a Japanese-registered cryptocurrency exchange service provider.
The world’s leading blockchain ecosystem and cryptocurrency infrastructure provider announced via a blog post that it enters the Japanese market as a Japan Financial Services Agency (JFSA) regulated entity as a result of this acquisition.
The transaction’s terms were, however, not disclosed. Furthermore, Binance stated that it aims to support a responsible global environment for cryptos by providing Japanese-regulated services through SEBC.
Binance has received regulatory approvals or authorizations in the following countries: France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland, Lithuania, and Cyprus.
Binance has acquired its first license in East Asia with the acquisition of SEBC.
SEBC is a JFSA-registered cryptocurrency exchange that also provides consultation services to its customers in addition to brokerage services.
BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY, and COT/JPY are the current trading pairs supported by the Tokyo-based exchange.
