Binance JAPAN will open after June 23rd

It is reported that Sakura Exchange Bitcoin Co., Ltd. (SEBC), the Japanese crypto exchange owned by Minoan, announced on the 28th that it plans to launch a new service, Binance JAPAN (working title), after June 23. Details including the start time will be announced later. The personal information registered when opening an SEBC account will not be carried forward and requires a new KYC. In addition, SEBC’s current brokerage services for domestic exchanges will end on May 31, 2011.

Binance JAPAN will open after June 23rd

I. Introduction
A. Overview of SEBC
B. Announcement of Binance JAPAN
II. The New Service: Binance JAPAN
A. Functionality of Binance JAPAN
B. Benefits of Binance JAPAN
III. Changes to SEBC Services
A. End of Domestic Exchange Brokerage Services
B. KYC Requirement for SEBC Account Users
IV. Conclusion
A. Implications for the Crypto Industry
V. FAQs
A. What is SEBC?
B. When will Binance JAPAN be launched?
C. Will the KYC process for Binance JAPAN be different from SEBC’s?
# Sakura Exchange Bitcoin Co. Ltd. to Launch Binance JAPAN
Sakura Exchange Bitcoin Co., Ltd. (SEBC), a Japanese crypto exchange owned by Minoan, has announced its plans to launch a new service called Binance JAPAN. According to the announcement made on the 28th of May, the service is set to commence after June 23, with details on the precise launch date expected to be revealed later.
SEBC stated that personal information registered by users when opening an SEBC account will not be carried forward to Binance JAPAN. Users must instead go through a new KYC process to gain access to Binance JAPAN services. Additionally, SEBC’s current brokerage services for domestic exchanges will come to an end on May 31, 2011.

The New Service: Binance JAPAN

Binance JAPAN (currently a working title) will offer a wide range of crypto-related services to users. These include trading, deposit, and withdrawal functions for numerous cryptocurrencies. The exchange is expected to be accessible via both desktop and mobile devices, making it easy for users to participate.
One of the significant benefits of Binance JAPAN is the increased opportunities for users to leverage the exchange’s liquidity. Binance JAPAN is expected to provide competitive trading fees, superior rates of execution, and fast transaction speed, making it a natural choice for traders and investors searching for high-quality, secure, and fast trading services.

Changes to SEBC Services

Along with the launch of Binance JAPAN, SEBC’s current brokerage services for domestic exchange will come to an end on May 31, 2011. Domestic users of SEBC will need to seek alternatives for brokerage services or switch to another exchange.
Users who intend to use Binance JAPAN must undergo the new KYC procedure even if they previously registered with SEBC. This means that user personal information will not be carried forward to the new platform. The measures are in place to ensure that the new exchange operates according to legal and regulatory stipulations.

Conclusion

The launch of Binance JAPAN signals SEBC’s objective to expand its trading services and enhance the quality of its customer service. The launch also follows the trend of bigger exchanges such as Binance, Kraken, and the like entering new markets to provide more diversified trading services.
Binance JAPAN is expected to operate strictly based on legal and regulatory requirements. SEBC’s decision to end its domestic exchange brokerage services and integrate with Binance JAPAN is a strategic move that follows industry standards.

FAQs

What is SEBC?

Sakura Exchange Bitcoin Co., Ltd. (SEBC) is a Japanese cryptocurrency exchange owned by Minoan.

When will Binance JAPAN be launched?

Binance JAPAN’s launch date has not yet been announced, but the service is expected to be up and running after June 23.

Will the KYC process for Binance JAPAN be different from SEBC’s?

Yes, users must go through a new KYC procedure to gain access to Binance JAPAN services. This means that the personal information registered when opening an SEBC account will not be carried forward to the new platform.