The EOS Network Foundation has announced that the EOS token will begin trading on the Japanese exchange BitTrade in September.
EOS has been whitelisted by Japan’s crypto regulator. This means that the token can be traded against the Japanese yen on regulated exchanges in the country. The EOS Network Foundation (ENF), which supports the development of EOS, has officially announced in an announcement that EOS has received whitelist approval from the Japanese Association of Virtual and Crypto Asset Exchanges.
Statement from authorities
Yves La Rose, CEO of ENF, made a statement on the developments on the EOS side, saying that it is very important for EOS to benefit from the Asian market. According to La Rose, the region has always been an important element for EOS due to its large number of tokens. Additionally, La Rose said:
“We strongly believe that the next wave of Web3 innovation will come in the form of blockchain-based gaming and GameFi. Asia is clearly the leader in this area.”
The ENF CEO also stated that Japan is a growing market with an established regulatory framework and a supportive government. La Rose believes there is an “incredible opportunity” for countries like Japan to take market share in terms of clarity and oversight.
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