Binance, Exchanges

Can I Use Binance in Japan?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is currently not accessible in Japan. The exchange has been unavailable in the country since early July 2018, when it stopped offering services to Japanese residents due to “regulatory uncertainty.”

Binance had initially planned to launch a Japanese cryptocurrency exchange in partnership with local fintech company SBI Group, but the joint venture was ultimately scrapped due to “unexpected delays.”

Since then, Binance has been exploring other ways to enter the Japanese market. In September 2018, the exchange launched a Japanese-language website and started offering customer support in Japanese.

In January 2019, Binance announced that it had established a “Strategic Partnership” with Tokyo-based cryptocurrency exchange TaoTao.

NOTE: This is a reminder that Binance is not currently registered with Japan’s Financial Services Agency (FSA). Therefore, using Binance in Japan may be considered illegal, and users may be subject to penalties and fines. We recommend consulting with a qualified lawyer before using the platform in Japan.

Under the partnership, Binance and TaoTao will work together to promote the adoption of cryptocurrency in Japan. TaoTao will also provide Binance with “liquidity, marketing and business development support.”

Binance is also reportedly in talks with Japanese regulators about obtaining a license to operate a cryptocurrency exchange in the country. The process of obtaining a license is expected to take several months, and there is no guarantee that Binance will be successful.

In the meantime, Japanese residents can still use Binance’s global platform to trade cryptocurrencies. However, they will not be able to deposit or withdraw Japanese yen on the platform.

Binance is one of the world’s largest cryptocurrency exchanges and it does not currently offer services in Japan due to “regulatory uncertainty.” The exchange is exploring other ways to enter the Japanese market, such as through a strategic partnership with Tokyo-based cryptocurrency exchange TaoTao.

Binance is also reportedly in talks with Japanese regulators about obtaining a license to operate a cryptocurrency exchange in the country.

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