S.BLOX NIGHT listing news broke Monday as the Sony Group-affiliated exchange became the first Japan-registered platform to offer $NIGHT trading. The Kanto Finance Bureau-licensed venue opened NIGHT/JPY and ADA/JPY pairs on August 24, giving Japanese users a regulated, direct path into Midnight's native token for the first time.
Source: Official Midnight Channel
Source: S.BLOX Announcement
Pairs launched: NIGHT-JPY and ADA-JPY
Trading fees: none, though a spread applies
Minimum order: 1 $NIGHT
Tick size: 0.01 JPY
Maximum order size: 250,000 $NIGHT
Availability: 24/7, aside from scheduled maintenance
A launch campaign runs through September 30. Users who meet trading and deposit conditions can earn up to 14,000 yen worth of $NIGHT, plus a separate reward of up to 10,000 yen in ADA, provided they hold an active S.BLOX account.
S.BLOX currently supports the Cardano-network version of the token, known as cNIGHT, rather than the native asset on Midnight's own chain.
NIGHT is the governance and utility token behind Midnight, a privacy-focused partner chain to Cardano built by Input Output Global. The project uses zero-knowledge proofs to offer selective privacy, letting data stay protected while remaining verifiable for compliance needs.
NIGHT first launched as a Cardano native asset through a multi-phase community airdrop, then mirrored onto Midnight's own network after mainnet went live in March.
Total supply is fixed at 24 billion $NIGHT, with roughly 16.6 billion currently in circulation. The token runs on a two-part system: holding $NIGHT generates DUST, a separate, non-transferable resource that covers transaction fees.
$NIGHT already trades on several major global platforms, including Binance, Bybit, OKX, Kraken, Gate.io, KuCoin, Bitget, LBank, and MEXC, mostly against USDT with smaller USD, EUR, and TRY markets.
Japan runs one of the strictest, most closely watched crypto markets in the world. Every exchange operating there needs registration with a regional finance bureau, and that bar keeps out a lot of smaller or newer tokens.
$NIGHT clearing that bar first, through an exchange tied to Sony, gives the token a level of domestic legitimacy that trading on offshore platforms alone cannot match.
The listing also does double duty for Cardano. Pairing $NIGHT with ADA on the same exchange, under the same campaign, reinforces the technical link between Midnight and its parent chain.
It hands Cardano's ecosystem a fresh entry point into Japan's retail base at the same time. For a project still in its early network phases, that kind of regulated, mainstream distribution channel matters more than a single day of trading volume.
Even after S.BLOX NIGHT listing news, the token is trading down 4.35% as of August 24, 2026. According to CoinMarketCap, the current stats:
Price: $0.01949, down 4.35% over 24 hours
Market cap: $323.76 million, down 4.35%
24-hour volume: $19.21 million, up 6.53%
Fully diluted valuation: $467.88 million
Circulating supply: 16.6 billion
Holders: 13,880
The token slipped even as the listing news broke, a pattern that points to thin liquidity and limited follow-through demand rather than any flaw in the announcement itself.
Japan runs one of the world's most tightly regulated crypto markets, and this S.BLOX NIGHT listing offers a meaningful, compliant door into that user base for the Midnight project. Pairing the listing with ADA also reinforces Midnight's ties to Cardano, a connection the project has leaned on since its earliest design stages.
Midnight roadmap points toward a phase called Mōhalu, expected later this year, which would let Cardano stake pool operators join as block producers and would activate a marketplace for trading DUST capacity. Further phases aim to expand cross-chain interoperability and add tools like privacy-focused decentralized exchanges.
Additional exchange listings, growing dApp activity, and continued community building across Japan and the wider Asian market stand out as the clearest near-term drivers for both adoption and price, though outcomes will still depend heavily on regulatory shifts and broader crypto market conditions.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
