The world’s largest crypto exchange Binance entered the Japanese market by acquiring 100% of Japan-based crypto exchange Sakura Exchange Bitcoin Co. (SEBC) in November last year. Binance Japan is now opening its crypto exchange operations for Japanese customers in June, Sakura Exchange Bitcoin revealed on Friday.
Binance Japan Opening Its Doors in June
Crypto exchange Sakura Exchange Bitcoin in an announcement on April 28 said it will end its crypto exchange and brokerage services in May and reopen as Binance Japan near June 23. Binance Japan is now a registered crypto exchange under the Japan Financial Services Agency (JFSA).
As per the announcement, Sakura Exchange Bitcoin will end its services on May 31, suspending all services until the opening of Binance Japan. Users must withdraw their crypto assets ahead of deadline. Crypto Assets remaining in the account after the deadline will be converted to Japanese yen based on the conversion rate as of June 5 and refunded to customers’
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