Binance Opens Trading Pairs for BNB, BTC and ETH with Yen
Binance has announced that it will now offer spot trading pairs between BNB, BTC, and ETH with the Japanese yen (JPY) on both its global platform and its Japanese trading division.
This new feature is set to launch on March 12 and will include a one-month promotion with zero transaction fees for these pairs. Binance has been working on expanding its presence in Japan, including partnering with Mitsubishi UFJ Trust and Banking Corporation to develop fiat-based stablecoins.
The exchange also plans to add 100 tokens to its platform, with the addition of these three new trading pairs bringing the current total to 50.
Japan has been making changes to support the growth of its crypto industry, such as approving a tax exemption for unrealized gains and allowing venture capital firms to invest in crypto startups directly. These developments highlight the growing acceptance and integration of cryptocurrency in Japan.
