Binance enhances its offers by launching JPY trading pairs for BNB, BTC, and ETH to appeal to its global customer base. This highly anticipated launch is set for March 12, 2024, across both its global platform and Japanese trading arm.
Binance has announced an interesting zero-fee trading campaign. From March 12, 2024, at 08:00 (UTC), to April 11, 2024, at 07:59 (UTC), users can trade all JPY spot pairs. The addition of JPY trading pairs will make it easier for Japanese customers to access and trade major cryptocurrencycurrencies such as BNB, BTC, and ETH in their native currency.
Nonetheless, the promotion reverses the rebating of VIP tier volume. It freezes the point discount and referral rebate, as well as the advancement of other merits, throughout the promotion period.
Binance’s approach is consistent with Japan’s attempts to provide a conducive environment for the cryptocurrencycurrency industry. In December 2023, the Japanese cabinet approved an amendment that exempted enterprises from paying unrealized cryptocurrencycurrency gains, demonstrating its commitment to the sector.
Binance’s expansion of its offerings to include the Japanese yen, one of the world’s major fiat currencies, strengthens its position as the preferred alternative for cryptocurrencycurrency dealers globally, serving the different needs of its global user base.
