Binance Re-Enters Japan With Sakura Exchange Purchase
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Binance, the world’s biggest cryptocurrency exchange, bought a Japan crypto exchange service provider to re-enter a market it said will play a “key role” in the future of cryptocurrency adoption.
The firm acquired 100% of Sakura Exchange BitCoin, paving the way for it to enter Japan as a regulated entity, Binance said in a statement on Wednesday. The purchase will give Binance its first license in East Asia, according to the statement.