Cryptocurrency exchange Binance has announced that it has acquired Japanese-registered crypto exchange service provider Sakura Exchange BitCoin (SEBC).
Binance, the world’s largest cryptocurrency exchange, bought SEBC in order to enter the Japanese market. With this acquisition, Binance will enter Japan as a regulated entity by the Japan Financial Services Agency (JFSA). The terms of this purchase have not been disclosed yet. However, in the statement from the company, it was stated that SEBC was purchased to provide regulated services in Japan. The acquisition of Sakura Exchange BitCoin was transferred to Japan as a first step.
Binance Continues Global Crypto Expansion
Global crypto company Binance has received regulatory approvals or authorizations in many countries. The company accelerated its expansion efforts, especially in the Asian region.
JFSA, Japan’s regulatory and supervisory agency, registered Sakura Exchange BitCoin (SEBC). With this acquisition, Binance will become a trusted company in Japan.
“We are honored and delighted to make this announcement with Binance, one of the world’s leading crypto-asset swap service providers,” said Hitomi Yamamoto, CEO of SEBC. said.
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