After acquiring the Sakura Exchange BitCoin Exchange (SEBC) in November 2022, the world’s largest cryptocurrency exchange, Binance, will begin offering a full range of services to Japanese users this August.

The acquisition allows Binance to officially return to Japan, as SEBC falls under the regulation of the Financial Services Agency (FSA). According to the exchange, up to 30 digital assets will initially be available for spot trading on the new platform.

According to a Binance spokesperson, Japan has huge potential in the emerging Web3 sector and will be crucial to the continued growth of cryptocurrencies.

This comes at a time when Japanese Prime Minister Fumio Kishida is making it clear that his country intends to promote Web3 as part of a new form of capitalism.