Bloomberg Report: Binance Japan plans to increase number of listed tokens to 100
According to a Bloomberg report, Binance Japan, the Japanese arm of the world's largest crypto exchange, which recently launched full services, now plans to significantly expand its token offerings, aiming to present a minimum of 100 tokens soon. This intended increase is approximately three times the current selection.
Binance Japan's representative, Tsuyoshi Chino, emphasized the intention to curate a diverse collection of tokens, stating, "In addition to selecting promising currencies from among the more than 350 stocks we handle globally, we independently discover and offer unique domestic currencies."
Binance's Japanese branch currently boasts a roster of 34 listed tokens, featuring prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Litecoin (LTC), and more.
Notably, this selection represents the most extensive token offering among all crypto exchanges in the country.
Chino is committed to spearheading innovative initiatives within Japan's crypto landscape, focusing on pioneering ventures.
Central to this endeavor is the dual aim of maintaining liquidity and broadening token offerings. To achieve this, the exchange plans to partner with market makers and relevant entities.
Chino emphasized a collaborative approach, envisioning a collective effort among Japanese exchanges to achieve the ambitious target of listing 100 tokens as swiftly as possible.
He also expressed optimism that local regulatory authorities will establish a comprehensive framework, fostering a conducive environment for the cryptocurrency industry to flourish after Binance had once left due to regulatory issues.
Chino noted, "I feel that there is a clear intention to create a
Read more on cryptonews.com
