Sakura Exchange BitCoin (SEBC)

Sakura Exchange BitCoin is a Japanese crypto exchange that offers consulting and brokerage services to its clients by November 2022. The site supports 11 trading pairs: BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY and CAT/JPY.

History

2022: Binance bought Sakura Exchange BitCoin (SEBC)

At the end of November 2022, Binance announced the purchase of the Japanese cryptocurrency exchange Sakura Exchange BitCoin (SEBC). The value of the transaction and its other terms of the company did not disclose.

Through this acquisition, Binance is entering the Japanese market as a regulated entity, it said.

Binance bought a Japanese crypto exchange

Binance Japan general manager Takeshi Chino noted that the country's economy is "already ready for the active implementation of blockchain." He announced the company's intention to cooperate with regulators and develop the exchange in accordance with local requirements.

As noted by Cointelegraph, the acquisition of a regulated organization to enter a new crypto market, where it is difficult to obtain a license on its own, is not something new for Binance. Earlier, Binance managed to re-enter the Malaysian market after acquiring a stake in one of the local cryptocurrency companies.

Similarly, the exchange re-entered the Singapore market by buying 18% of the crypto exchange. Binance also managed to access the £1 payment network in partnership with Paysafe after regulators denied it access to it.

At the end of November 2022, Binance announced the termination of registration of new users from Japan on the site Binance.com. These changes will not affect already registered users, they will be able to continue using products and services offered on this platform, the report said.^[1]

Notes

Шаблон:Remarks