One of the biggest crypto exchanges in the world, Binance, has announced that is has acquired a full stake in Sakura Exchange BitCoin (SEBC). SEBS is a Tokyo-based crypto platform that is fully licensed by the Japan Financial Services Agency.
By doing so, Binance has, essentially, expanded its global services to include the Japanese marketplace. However, any details of the acquisition have not been revealed as of yet. This comes from the official press release.
However, Binance’s General Manager of its Japanese branch commented that the Japanese market is a key player in the future of the crypto adoption phenomenon. Takeshi Chino adds that Japan is one of the leading economies in the world, and as such is more than ready to work with innovative tech. Chino furthers that the company is ready to work with local regulators to provide the best services for Japanese users.
Biannce has currently a total of 11 crypto licenses from many important jurisdictions. These include license from Cyprus, Dubai, France, Dubai, Spain, Poland, and other. The SEBS license is the twelfth, and the first in this part of Asia.
Binance is a decentralized cryptocurrency exchange, and as such has come under scrutiny by many regulators. The firm hopes that its global expansion campaign is something that counteracts this.