Crypto Interest In Japan Is Popping - Binance, EOS To Provide New Options For Traders

Zinger Key Points
  • EOS receives whitelist approval from JVCEA, to be Listed on BitTrade.
  • Binance Japan plans to triple token offerings, partner with local exchanges.

In a series of developments that highlight the growing significance of the Japanese cryptocurrency market, both the EOS Network Foundation and Binance Japan have announced major strides in expanding their presence in the country.

The EOS Network Foundation on Wednesday announced that the EOS EOS/USD  token has received whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA).

This green light paves the way for EOS to be traded against the Japanese yen on regulated cryptocurrency platforms in Japan.

Starting in mid-September, the token will be listed on BitTrade, a cryptocurrency marketplace regulated by Japan's Financial Services Agency (FSA).

Also Read: Grayscale Ruling: SEC Slammed By Industry Leaders For Ineffective Crypto Regulation

Yves La Rose, Founder and CEO of the EOS Network Foundation, expressed his optimism, stating, "This monumental approval from the JVCEA not only affirms EOS's unwavering commitment to compliance but also opens up new avenues in the Japanese market."

On the other hand, Binance Japan, which recently rolled out its comprehensive suite of services, has set an ambitious goal to expand its token offerings.

The company aims to triple its current list, targeting a total of 100 tokens in the near future.

This announcement was made during a virtual briefing, where the company also expressed its intent to partner with other local cryptocurrency exchanges to boost market liquidity. 

As the blockchain and cryptocurrency landscape continues to evolve, it's crucial for enthusiasts, investors, and industry professionals to stay updated with the latest trends and insights.

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Read Next: Could Grayscale's Win Usher In Tsunami Of Crypto Investment? 5 Experts Decode The Ruling

Photo: Unspalsh

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Posted In: CryptocurrencyMarketsBinanceBinance JapanBitcoin Spot TradingBitTradeChangpeng Zhaocrypto marketCryptocurrency Exchangecryptocurrency regulationDigital AssetsDigital tokenEast AsiaEOS Network FoundationEthereum Virtual MachineFinancial Services AgencyJapan Virtual and Crypto Asset Exchange AssociationJVCEA
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