Sakura Exchange BitCoin (SEBC) was a regulated cryptocurrency exchange in Japan, headquartered in Tokyo. The platform was established in 2017 and was initially acquired by Piccoma, a subsidiary of the South Korean technology company Kakao, with the aim of expanding its blockchain and Web3 business. 
The main features of SEBC are as follows:
• Regulatory Status: SEBC is registered with the Financial Services Agency of Japan (JFSA) and has obtained the official license for a cryptocurrency exchange.
• Service Model: Unlike traditional cryptocurrency exchanges, SEBC adopts a brokerage model. Customers' orders are routed to multiple exchanges for processing. Additionally, SEBC provides cold storage custody services to ensure the security of assets.
• Trading Pairs Supported: SEBC supports 11 cryptocurrency pairs against the Japanese yen, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Moneta (MONA), etc.
• Capital Status: According to public information, SEBC has approximately $9 million in capital reserves. 
This acquisition marks Binance's first time obtaining a cryptocurrency exchange license in the East Asia region, further strengthening its global market strategy. Currently, SEBC no longer operates as an independent brand and its business has been fully integrated into the Binance Japan platform.