BTC
$103,251.64
-
0.26%
ETH
$2,560.31
-
1.45%
USDT
$1.0001
+
0.01%
XRP
$2.4679
-
3.75%
BNB
$654.35
+
0.42%
SOL
$172.43
-
2.82%
USDC
$0.9998
-
0.00%
DOGE
$0.2258
-
3.11%
ADA
$0.7732
-
4.40%
TRX
$0.2732
-
1.28%
SUI
$3.7995
-
2.73%
LINK
$16.45
-
3.30%
AVAX
$23.80
-
6.35%
XLM
$0.2967
-
3.40%
SHIB
$0.0₄1502
-
5.27%
HYPE
$25.34
-
1.38%
HBAR
$0.1999
-
3.36%
LEO
$9.0373
+
2.59%
BCH
$393.05
-
2.88%
TON
$3.1165
-
4.76%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Consensus
  • Sponsored
  • Sign In
  • Sign Up
Advertisement

Consensus 2025

Consensus 2025

Prices Increase This Friday

15:04:04:18

15

DAY

04

HOUR

04

MIN

18

SEC

Register Now
Finance
Share this article
X iconX (Twitter)LinkedInFacebookEmail

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
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

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

JapanBinanceacquisition
Lavender Au

Lavender Au is a CoinDesk reporter with a focus on regulation in Asia. She holds BTC, ETH, NEAR, KSM and SAITO.

X icon
Lavender Au

This is your last article this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Consensus
        Back to menu
        Consensus
        • Consensus Toronto
        • Toronto Coverage
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk