Japanese media reports that Binance Japan is expected to open after June 23rd.

According to a report from Japanese crypto media Coinpost, Sakura Exchange Bitcoin Co., Ltd. (SEBC), a Japanese crypto trading platform under Binance, announced on the 28th that "Binance JAPAN (tentative name)" is scheduled to officially launch after June 23, and detailed information including the start time will be announced later. In addition, personal information registered on SEBC accounts will not be transferred and will require a new KYC process. The brokerage services provided by SEBC for domestic exchanges in Japan will end on May 31, 2011. As previously reported by BlockBeats, Binance announced in November 2022 that it had acquired 100% equity in Sakura Exchange BitCoin (SEBC), a Japanese crypto trading platform. With this acquisition, Binance entered the Japanese market and became an entity regulated by the Japanese Financial Services Agency (JFSA). The terms of the transaction have not been disclosed.