**SEBC Announces Launch of Binance JAPAN – All You Need to Know**
It is reported that Sakura Exchange Bitcoin Co., Ltd. (SEBC), the Japanese crypto exchange owned by Minoan, announced on the 28th that it plans to launch a new service, Binance JAP
It is reported that Sakura Exchange Bitcoin Co., Ltd. (SEBC), the Japanese crypto exchange owned by Minoan, announced on the 28th that it plans to launch a new service, Binance JAPAN (working title), after June 23. Details including the start time will be announced later. The personal information registered when opening an SEBC account will not be carried forward and requires a new KYC. In addition, SEBC’s current brokerage services for domestic exchanges will end on May 31, 2011.
Binance JAPAN will open after June 23rd
Sakura Exchange Bitcoin Co., Ltd. (SEBC), a Japanese crypto exchange, owned by Minoan, has announced on May 28, 2021, that it plans to launch a new service called “Binance JAPAN” (working title), after June 23. Though the exact details regarding the start time are yet to be announced, it has been confirmed that the personal information registered when opening an SEBC account will not be carried forward and requires a new KYC. Another important piece of information is that SEBC’s current brokerage services for domestic exchanges will end on May 31, 2011. In this article, we will delve deeper into SEBC’s announcement regarding the launch of Binance JAPAN and what it means for the ecosystem.
**What is SEBC?**
Sakura Exchange Bitcoin Co., Ltd. (SEBC) is one of the most prominent Japanese crypto exchanges, which was established in October 2017. The exchange offers several trading pairs, including Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.
**What is Binance JAPAN?**
Binance JAPAN is a new service that SEBC is planning to launch after June 23. While not many details have been shared about the new service, it can be assumed that it will be a Japanese version of Binance, possibly with more trading pairs and features specific to the Japanese market.
**Personal Information and KYC**
As mentioned earlier, the registered personal information when opening an SEBC account will not be carried forward to Binance JAPAN, which means users will have to go through the KYC process again. KYC or Know Your Customer is a process followed to verify the identity of the users and prevent any form of fraudulent activities.
**What Happens to SEBC’s Current Brokerage Services?**
SEBC’s current brokerage services for domestic exchanges will end on May 31, 2011. The company has not provided any detailed information regarding why the services are ending; however, it can be speculated that the launch of Binance JAPAN could be the reason behind the move.
**Conclusion**
SEBC’s announcement of launching Binance JAPAN (working title) has created a buzz in the Japanese cryptocurrency market. With the lack of detailed information about the new service, it is hard to comment on how it will fare in the market. The fact that users will have to go through KYC again might be a cause for concern for some, as it could delay their trading activities. However, as the launch date draws closer, we can expect more information to be shared by SEBC.
**FAQs**
1. **What is SEBC?**
SEBC is a prominent Japanese cryptocurrency exchange that was established in October 2017.
2. **What is Binance JAPAN?**
Binance JAPAN is a new service that SEBC is planning to launch after June 23, possibly with more trading pairs and features specific to the Japanese market.
3. **What Happens to SEBC’s Current Brokerage Services?**
SEBC’s current brokerage services for domestic exchanges are to end on May 31, 2011, and the company has not given any specific reason for the move. It can be speculated that the launch of Binance JAPAN could be the reason behind the move.
**Keywords:**
SEBC, Binance JAPAN, KYC, Brokerage Services, Cryptocurrency, Trading.
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