Binance acquires Japan-based licensed crypto exchange Sakura

Crypto exchange Binance has marked an entry into East Asia, acquiring a Japanese-licensed exchange Sakura Exchange BitCoin (SEBC).

SEBC was founded in 2017 and received its license from Japan’s Financial Services Agency (JFSA) last month. It currently supports 11 trading pairs: BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY, and COT/JPY.

In another development, Binance said it will not accept new users in Japan to its main website, effective today.

The move could mean new users will be accepted via SEBC and that SEBC could continue operating independently.

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