Binance Acquires Japanese Exchange SEBC
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
An editor at CoincropJonathan 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.
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