EOS Network's Token Receives Trading Approval in Japan, EOS Surges Nearly 10%

The resurgence story of EOS Network, a blockchain that raised $4 billion in its initial coin offering (ICO) with little to show in its early years, is briskly shaping up as EOS tokens were approved for trading on Japanese exchanges, as per a release Wednesday. EOS was granted whitelist approval by the Japan Virtual and Crypto Asset Exchange Association (JVCEA), a self-regulated body of crypto exchanges in the country that works towards protecting investors. The token can now be traded against the Japanese yen on regulated cryptocurrency exchanges in Japan. EOS surged nearly 10% to 64 cents after news of the approval.

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