The Japanese subsidiary of the world’s largest crypto exchange, Binance Japan, announced that it aims to offer at least 100 tokens on its platform in a short time, and will offer about three times the current offering.
The General Manager of Binance Japan, Tsuyoshi Chino, announced at a business briefing that the exchange will soon allow the trading of 100 altcoins in total. Currently, Binance Japan only supports 34 tokens.
According to the report, Tsuyoshi Chino, a representative of Japan, highlighted the desire to work more actively on what will be the first project carried out in the country.
In an official announcement on August 1, Binance Japan officially entered the market, showcasing the determination of this influential player in the cryptocurrency industry.
Mr. Chino said in a statement that he, “plans to register the company, which is necessary for brokering the transactions of “stablecoins” backed by fiat currency.”
He added, “I feel a clear desire to establish a foreseeable situation and allow businesses to do business there after properly developing regulations,” regarding the business environment surrounding crypto-assets in Japan.
