Binance Japan Enhances Crypto Portfolio with Introduction of 13 New Tokens

Binance Japan has revealed plans to introduce 13 new cryptocurrencies to its platform on November 27th, expanding its total token offerings to 47. Among the notable additions are Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB), contributing to a diverse range of tokens and solidifying Binance Japan’s status as a leading cryptocurrency exchange in the country.

Binance Japan Enhances Crypto Portfolio with Introduction of 13 New Tokens

The newly added tokens include a spectrum of digital assets such as Hedera Hashgraph (HBAR), Immutable X (IMX), The Graph (GRT), Render Token (RNDR), Decentraland (MANA), EOS (EOS), GALA (GALA), ApeCoin (APE), Klaytn (KLAY), and Lisk (LSK). Binance Japan emphasizes that these tokens are not merely new to their platform but are already listed on other registered exchanges in Japan. As a result, they qualify for a simplified assessment process by the Japan Virtual and Crypto Assets Exchange Association, streamlining their integration into Binance Japan’s offerings.

Strategic Expansion by Binance Japan

This announcement holds significance, especially in light of the recent market exits of Coinbase and Kraken from Japan. Consequently, Binance Japan is poised to fill the void left by its competitors and strengthen its market presence.

Takeshi Chino, the general manager of Binance Japan, highlights this expansion as part of their broader goal to offer 100 tokens in Japan. He underscores the company’s commitment to leveraging global expertise and blockchain technology to enhance its service offerings in Japan.