Binance Japan to list 13 additional tokens

Crypto exchange Binance said it plans to offer up to 100 tokens in Japan after announcing over a dozen new digital assets on its exchange including Arbitrum, Near and Optimism.

The statement from Binance disclosed a basket of tokens scheduled for listing and spot trading on Nov. 27. 13 cryptocurrencies make up the list of Binance Japan’s latest offering at press time, taking the total number of tradable assets on the platform to 47.

These coins qualify for the simplified assessment and listing process offered by the Japan Virtual and Crypto Assets Exchange Association, Japan’s self-regulating crypto watchdog. 

The 13 new tokens as named by Binance include Hashgraph (HBAR), Near Protocol (NEAR), Optimism (OP), Immutable X (IMX), Arbitrum (ARB), The Graph (GRT), Render Token (RNDR), Decentraland (MANA), EOS (EOS), GALA (GALA), ApeCoin (APE), Klaytn (KLAY) and Lisk (LSK).

According to the company, this is the largest assortment of digital currencies available on any crypto exchange in Japan. 

Takeshi Chino, general manager of Binance Japan, remarked that the latest addition signals progress towards supporting 100 tokens to local traders and investors. The platform hopes to “leverage Binance’s world-class blockchain ecosystem and global knowledge” to expand its presence across the region, Chino added.

Binance re-established a presence in Japan following its takeover of Sakura exchange Bitcoin. The company had previously exited this market in 2018 due to regulatory issues with authorities. In August 2023, Binance Japan began full operations with 34 tokens available for trading initially. 

The company’s return coincided with a shift in how cryptocurrencies are viewed in Japan as Prime Minster Fumio Kishida has expressed support for growing a digital asset ecosystem.