Binance has announced that it will be adding JPY trading pairs for BNB, BTC, and ETH on both its global platform and Japanese trading arm on March 12. The exchange will also launch a zero-fee promotion for these new pairs for one month.
Binance has recently been expanding its presence in Japan, after launching a local trading division last August and re-entering the market this year.
Previously, Binance’s global platform was not available for residents in Japan. The exchange is also partnering with Mitsubishi UFJ Trust and Banking Corporation (MUTB) to study fiat-based stablecoins, with plans to launch yen and other fiat-based tokens by the end of 2024.
Binance Japan aims to list 100 tokens, and with the addition of these new trading pairs, the total number of tokens on the platform will reach 50.
Japan has been making changes to local regulations to support the growth of the crypto industry, including exempting companies from paying taxes on unrealized gains and allowing venture capital firms to invest directly in crypto startups.
