Share this article
Binance Japan Will Start Operations After June
Binance, the world's largest crypto exchange acquired Sakura Exchange BitCoin in November.
By Lavender Au
Updated May 9, 2023, 4:13 a.m. Published Apr 28, 2023, 8:42 a.m.
Binance is set to begin operations in the Japanese market, according to a notice published on Friday.
In November last year, Binance, the world's largest crypto exchange by trading volume, acquired regulated crypto exchange Sakura Exchange BitCoin (SEBC). Existing services on SEBC will be terminated on May 31 and a new service under the provisional name “Binance Japan” will launch after June 2023, the notice said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
SEBC currently supports 11 trading pairs. Listing tokens on exchanges in Japan requires vetting by the Japan Virtual Currency Exchange Association.
Japan has a high regulatory bar for crypto exchanges. It requires segregation of customer and exchange assets, most exchange assets to be kept in cold wallets and for customers' fiat to be kept by a Japanese trust company or bank trust.
Japan's financial authorities have previously issued a warning that Binance was operating in the country without permission.
Read more: Japan Approves Web3 White Paper to Promote Industry Growth in the Country
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto's 'Best Days Are Ahead': Tom Lee's Bitmine Immersion Adds $320M of Ether
The company is likely sitting on about $3 billion in unrealized losses on its holdings of nearly 4 million ether tokens.
What to know:
- BitMine Immersion Technology (BMNR) acquired 102,259 ether last week, valued at around $320 million, increasing its holdings to nearly 4 million tokens.
- The company currently has about $3 billion in unrealized losses on its ETH investments.
- Chairman Thomas Lee expressed optimism about the future of crypto, citing positive legislation and Wall Street support as reasons for continued accumulation.
Top Stories
