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Home»ADOPTION NEWS»Binance Launches Japanese Yen Spot Trading Pairs for BNB, BTC, ETH Globally
ADOPTION NEWS

Binance Launches Japanese Yen Spot Trading Pairs for BNB, BTC, ETH Globally

By Crypto FlexsMarch 7, 20242 Mins Read
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Binance Launches Japanese Yen Spot Trading Pairs for BNB, BTC, ETH Globally
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Posted 1 minute ago In ~

Cryptocurrency exchange Binance announced the addition on Thursday. BNB

+5.56%
, BTC

+0.22%
and ETH

-0.79%
Spot trading pair with the Japanese Yen (JPY) on the global platform and Japan trading segment scheduled for March 12th.

According to the exchange, upon launch, it will launch a commission-free promotion for the new yen-cryptocurrency pair for one month. presentation.

Binance has recently been expanding its relationship with Japan. local trade sector Re-enters the market in August, 2021 and beyond. Binance’s global platform was suspended for Japanese residents in December last year. Website.

Binance has been expanding its presence in Japan, including: tandem We are researching fiat-backed stablecoins with Mitsubishi UFJ Trust Bank (MUTB) and aim to launch yen and other fiat-backed tokens by the end of 2024. Binance Japan announced this. We aim to list 100 tokens.. With three additional trading pairs, the exchange offers 50 tokens on the platform.

Japan has been revising local regulations for the local cryptocurrency industry. In December, the Japanese Cabinet approved the following: Tax system revision This exempts businesses from paying taxes on unrealized cryptocurrency profits. Last month, the cabinet I approved the proposal This allows venture capital firms to invest directly in cryptocurrency startups.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.

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