• Astar Network’s ASTR token has been listed on Huobi Japan and registered on the Japan Virtual and Crypto Assets Exchange Association (JVCEA)’s “Green List,” which allows for faster listing of tokens on member exchanges.
• The JVCEA is a group of 31 crypto exchanges that introduced the Green List to speed up the listing process and accelerate adoption.
• Astar Network Founder Sota Watanabe believes this is a huge step forward for not only Astar but also for Japanese companies entering Web3.
Astar Network’s ASTR Token Listed on Huobi Japan
The Tokyo-based smart contracts platform for multichain, Astar Network, officially announced that its native ASTR token has been listed on Huobi Japan. This makes it the third crypto exchange in Japan to list the token after Bitbank and GMO Coin.
ASTAR Registered on JVCEA’s ‘Green List’
Following this listing, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) registered the ASTR token on its ‘Green List.’ The JVCEA is a group of 31 crypto exchanges that introduced this list to expedite the listing process and promote cryptocurrency adoption in Japan. Before this, it was required to go through a lengthy screening process when listing any cryptocurrency; however, assets from the Green List are exempt from this process as they have already been thoroughly screened by three or more member exchanges.
Benefits of Being On The Green List
Sota Watanabe, founder of Astar Network stated that due to their significant presence in Japan and many enterprises entering Web3 with their technology, being part of the Green List is an important achievement not only for them but also for other Japanese companies. This will make it much easier to list ASTAR tokens on other Japanese exchanges at a quicker rate.
Continued Progress With Regulators
Watanabe further added that they will continue working with regulators so they can utilize ASTAR tokens even faster within Japan as well as globally.
Conclusion
In conclusion, with ASTAR now being part of the Green List and listed on Huobi Japan, it has become easier than ever before for users in Japan to access cryptocurrencies quickly without having to go through long screenings processes every time they want to add new tokens or coins onto their portfolios.