Binance Acquires Japanese Exchange SEBC

Binance Acquires Japanese Exchange SEBC

Share this article

Jonathan
Jonathan

An editor at Coincrop


01 Dec 2022 | 2 min read
13,816 views

B

inance acquires Japan-based licensed crypto exchange SEBC

After Binance acquired the locally licensed exchange Sakura Exchange BitCoin (SEBC), they gained entrance into Japan.

SEBC was founded in 2017 and received its license from Japan's Financial Services Agency (JFSA) last month. SEBC offers consultation and brokerage services for 11 trading pairs.

“The Japanese market will play a key role in the future of cryptocurrency adoption," Takeshi Chino, general manager of Binance Japan, said. "As one of the world’s leading economies with a highly-developed tech ecosystem, it is already poised for strong blockchain uptake. We will actively work with regulators to develop our combined exchange so that it meets local users' needs while remaining compliant. We are eager to help take Japan take a leading role in crypto."

The specifics of the agreement were not revealed to the public.


Jonathan

Jonathan

An editor at Coincrop
View articles

Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.


Our sponsor

CoinLoan combine the best of traditional and novel finance helping you borrow, swap and grow your assets.

Compare over 47,226 CeFi and DeFi products across more than 226 organizations here