Binance wants to triple the number of trading pairs it offers in Japan, while at the same time delisting nine cross-margin and isolated-margin pairs elsewhere.

According to a CoinPost report, the General Manager of Binance Japan, Takeshi Chino, announced that the exchange will soon allow the trading of 100 altcoins in total. Currently, Binance Japan only supports 34 tokens.

Binance Japan Executive Reveals Future Plans

Binance’s Japanese entity also plans to allow futures trading after obtaining a Class 1 Financial Instruments Business Operator license in the country. Furthermore, the company wants to launch a Japanese yen-based stablecoin.

Click here to learn how to trade Bitcoin futures and options like a pro!

Last year, Binance acquired the Japanese-registered Sakura Exchange Bitcoin (SEBC) with the intention of establishing a subsidiary in Japan. Eventually, Binance Japan went live on Aug. 1.

Japan is opening its doors to the crypto industry through robust regulations and whitelisting processes. On Wednesday, it granted whitelist approval to the blockchain platform EOS, allowing Japanese citizens to trade EOS tokens against the yen.

Binance Delists 9 Trading Pairs

While Binance is expanding into the Japanese market, it has
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Author: Harsh Notariya

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