Cryptocurrency exchange Binance has announced a re-entry into the Japanese market through the launch of Binance Japan, previously known as Sakura Exchange Bitcoin. The exchange’s acquisition of Sakura Exchange Bitcoin in November 2022 is seen as an attempt to tap into the local digital asset market. The newly branded local arm, now operating in accordance with the country’s regulatory framework, supports spot trading for 34 tokens and plans to migrate global users from 14 August. This comes after the Financial Services Agency (FSA) of Japan’s warning to Binance in 2021 for operating without a licence.