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Cryptocurrency exchange Binance said on Thursday it will add BNB, BTC and ETH spot trading pairs with the Japanese yen (JPY) on its global platform and Japanese trading arm, scheduled for March 12.
At the outset, the exchange announced that it would launch a fee-free promotion for the new Yen cryptocurrency pairs that would last for a month Notice.
Binance recently expanded its ties with Japan after establishing the local trade department in August, re-entering the market after 2021. Binance's global platform said it was discontinued for residents of Japan last December website.
Binance has expanded its presence in Japan, among other things partnership with Mitsubishi UFJ Trust and Banking Corporation (MUTB) to explore fiat-based stablecoins, with the goal of launching yen and other fiat-based tokens by the end of 2024. Binance Japan announced this The goal is to list 100 tokens. With the three additional trading pairs, the exchange would offer 50 tokens on the platform.
Japan has changed local rules in favor of the local crypto industry. In December, the Japanese Cabinet approved a Revision of the tax system This would exempt companies from paying taxes on unrealized crypto profits. Last month, the country's cabinet agreed to a proposal This would allow venture capital firms to invest directly in crypto startups.
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