According to Coinpost, Binance Japan, a subsidiary of Binance, will provide cryptocurrency spot trading services but will not offer leveraged trading using margin. Binance Japan will support 34 cryptocurrencies, including BTC, ETC, DOT, QTUM, ALGO, ETH, ADA, ENJ, SAND, ASTR, BCH, BNB, MATIC, XLM, ATOM, XRP, BAT, MKR, XTZ, AVAX, LTC, DAI, IOST, XEM, ASX, CHZ, DOGE, JASMY, LINL, SHIB, SOL, TRX, ONT, and ZIL. Furthermore, Binance Japan is considering supporting other coins not yet launched in the Japanese market and is currently in the preparation stage, with specific coins yet to be disclosed. It also plans to offer ‘Simple Earn’ and ‘NFT Market’ services.
As Foresight News previously reported , Binance, which acquired the Japanese cryptocurrency exchange Sakura Exchange BitCoin (SEBC) last year, announced plans to launch a new service called ‘Binance JAPAN’ (provisional name) after June 23rd. Last month, Binance’s CEO Changpeng Zhao stated that the company would begin providing comprehensive services on its new platform in Japan in August.