Crypto giant Binance has made its debut in Japan with the acquisition of a Japanese crypto exchange named Sakura Exchange BitCoin (SEBC).

SEBC is a Tokyo-based crypto exchange registered with the Japan Financial Services Agency. It currency supports 11 trading pairs with cryptocurrencies against the Japanese yen including bitcoin BTCJPY, 2.53%, Ethereum , Bitcoin Cash, Litecoin and MonaCoin.

The deal means the Cayman Islands-headquartered company will be able to offer Japanese-regulated services for the first time. It also marks its first license in East Asia.

(By Anviksha Patel)