Finances

Binance Re-Enters Japan With Sakura Exchange Purchase

1 Min Read
Binance Re-Enters Japan With Sakura Exchange Purchase

Binance, the world’s biggest cryptocurrency exchange, bought a Japan crypto exchange service provider to re-enter a market it said will play a “key role” in the future of cryptocurrency adoption.

The firm acquired 100% of Sakura Exchange BitCoin, paving the way for it to enter Japan as a regulated entity, Binance said in a statement on Wednesday. The purchase will give Binance its first license in East Asia, according to the statement.

Binance’s acquisition comes amid turmoil in the digital assets industry in the aftermath of the collapse of rival FTX. The terms of the transaction were not disclosed.

“We will actively work with regulators to develop our combined exchange in a compliant way for local users,” said Takeshi Chino, general manager of Binance Japan. “We are eager to help Japan take a leading role in crypto.”

You Might Also Like

Forbes has released its list of the world’s billionaires

Visa, Mastercard reach $30 billion settlement over credit card fees

AraratBank places its 27th issue of dollar bonds

Amio digital cards with unlimited opportunities and 5% cashback

Global Finance Recognizes Ameriabank’s Leadership in Sustainable Finance in Armenia

Share This Article
1312 Comments
Meta says it’s fixing ‘HD’ photo sharing in Facebook Messenger
Meta says it’s fixing ‘HD’ photo sharing in Facebook Messenger
Idplus Bonuses in Idram&IDBank Application
Idplus Bonuses in Idram&IDBank Application
Gurman: New iPads Likely to Launch During Second Week of May
Gurman: New iPads Likely to Launch During Second Week of May
Tesla accused in lawsuit of cheating California workers out of wages. Reuters
Tesla accused in lawsuit of cheating California workers out of wages. Reuters
Instagram Generated Almost 30% of Meta’s Revenue in Early 2022. Bloomberg
Instagram Generated Almost 30% of Meta’s Revenue in Early 2022. Bloomberg

Գտեք մեզ սոց. ցանցերում

Facebook Youtube Instagram Telegram-plane