Binance Acquired 100% of Sakura Exchange BitCoin

Posted on 12/01/2022


Binance acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider. Through this acquisition, Binance entered the Japanese market, as a Japan Financial Services Agency (JFSA) regulated entity. Binance has secured regulatory approvals and authorizations in France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland, Lithuania, and Cyprus. The acquisition of SEBC marks Binance’s first license in East Asia.

Days before the Binance deal, CrossTower, the global cryptocurrency trading platform, announced that they had reached an agreement to acquire BEQUANT. While BEQUANT is known as a prime brokerage and digital asset exchange, the acquisition remains as an undisclosed amount. CrossTower also announced the launch of an ESG Crypto Fund, in partnership with the Lydian Group. BEQUANT, as an institutional trading and prime brokerage platform, will not only enable CrossTower to expand its suite of professional grade products, but will also aid a global market. This market covers the U.S., Bermuda, Europe, Latin America, and Asia.

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