Binance Japan, a subsidiary of Binance, is now onboarding users in Japan on its newly launched platform.
Two years ago, the exchange received a warning from Japanese regulators for operating in the country without permission.
Existing customers in Japan can migrate to the local subsidiary starting from August 14.
The platform offers spot trading, earn products, and an NFT marketplace, allowing users to trade 34 tokens, including Binance Smart Chain’s BNB token, available in Japan for the first time.
Notably, Coinbase and Kraken recently halted operations in Japan due to “market conditions.” Japan’s policymakers also indicated at the WebX conference in Tokyo that more Web3-related policies were in development.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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