Binance Japan to Launch in June: Here’s What You Need to Know

• Binance Japan will officially launch after June 2023.
• Customers must pass verification requirements before joining the platform.
• Sakura Exchange BitCoin (SEBC) was acquired by Binance in November 2020 to strengthen its presence in the region.

Binance Japan Officially Launching

Binance Japan, the world’s largest cryptocurrency exchange, is set to begin operating on the Japanese market after June this year. This marks the return of the company to the Land of the Rising Sun after leaving in 2018 due to regulatory issues.

Verification Requirements for Customers

Customers wishing to join Binance Japan will have to go through account opening and pass verification requirements as mandated by Japanese Financial Services Agency (FSA). The crypto giant pulled out of the Asian nation in 2018 due to warnings from domestic watchdogs that it had been operating without permission.

Acquisition of SEBC

In November last year, Binance acquired Sakura Exchange BitCoin (SEBC) for an undisclosed sum in order to strengthen its presence in the region. As a result, SEBC will cease all existing services after May 31 until Binance Japan opens up for customers. All customers who do not withdraw their holdings before this deadline will have their assets converted into Japanese yen based on rate as of June 5th.

CEO Changpeng Zhao’s Statement

CEO Changpeng Zhao stated that despite rumors about criminal charges being brought against them by FSA, they were actually in “constructive dialogues” with regulators and looking forward to returning back soon.


After a long wait, Binance is finally ready to come back and operate on Japanese market with strict regulatory requirements being taken into account while onboarding customers onto its platform.