At the beginning of August, Binance made a comeback in Japan, reintroducing its full range of services after a five-year absence from the market.
During an online meeting, representatives from Binance Japan unexpectedly revealed plans to collaborate with local cryptocurrency exchanges to ensure better liquidity in the market. This also involves expanding the number of tokens listed on the platform from 34 to at least 100 tokens – nearly three times the previous amount.
Notably, Binance Japan’s move is perceived as rather swift, considering that the exchange only resumed operations at the start of August. Prior to this, by listing 34 tokens on its platform, Binance had surpassed its competing counterparts in terms of the number of listed tokens, such as Bitbank (30 tokens), GMO Coin (26 tokens), and Coincheck (22 tokens).
However, this strategy could be part of Binance’s approach to attract more experienced users. Currently, the exchange has disclosed a list of 34 tokens that are listed, while the details of the expected tokens have not been made public yet.