Binance to Reenter Japan in August 2 Years After Regulator's Warning

The return was made possible by Binance's purchase of regulated crypto exchange Sakura Exchange BitCoin last November.

AccessTimeIconJul 26, 2023 at 10:40 a.m. UTC
Updated Jul 26, 2023 at 8:31 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Binance, the largest crypto exchange by trading volume, plans to introduce its full service in Japan in August, CEO Changpeng "CZ" Zhao said Tuesday.

The exchange is returning to the country two years after receiving a warning from the Financial Services Agency (FSA) that it was operating without permission. Naming the month is the most specific timeframe noted so far by the platform, which earlier had given a guideline of after June.

The reentry was made possible by Binance's acquisition of the regulated crypto exchange Sakura Exchange BitCoin (SEBC) in November 2022. Existing services on SEBC would be terminated on May 31 and a new service under the provisional name “Binance Japan” will launched, it said at the time.

"It's fantastic to see Japan being a leader in the Web3 regulatory environment ... and I think it's an example for the rest of the world to follow," Zhao said. "And to that end, Binance is extremely happy to be able to participate in the Japanese market again, from the acquisition of the SEBC platform last November, and we were going to launch the full service in August." He was speaking at the Web3 conference “WebX” held at the Tokyo International Forum through a video message, later tweeted by Binance.

Rival crypto exchanges Coinbase (COIN) and Kraken withdrew from Japan in recent months, citing "market conditions" as the reason.

Edited by Sheldon Reback.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Amitoj Singh

Amitoj Singh is a CoinDesk reporter.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.