Binance announces it has added Japanese Yen (JPY) parity for three cryptocurrencies

Binance, which opened its Japan subsidiary last year and implemented an aggressive growth strategy in the country, announced that it will open three crypto trading parities for the Japanese yen on its globally serving exchange. Bitcoin, Ether and BNB can now be traded in Japanese yen.

Binance announces it has added Japanese Yen (JPY) parity for three cryptocurrencies

Binance, which has taken important steps in Japan, which is seen as one of the world’s largest economies in the last 2 years, and acquired the Japanese stock exchange Sakura Exchange BitCoin, continues its growth in the country. The exchange announced today that it will list Japanese yen in Bitcoin, Ether and BNB parities.

The exchange will open BNB/JPY, BTC/JPY and ETH/JPY pairs for trading from 11 a.m. on 12 March. Binance will also apply zero transaction fees on all Japanese yen pairs.

Binance returned to Japan

As it will be remembered, Binance had to leave the country at the end of 2020 due to harsh regulations in Japan. However, with the change in the Japanese people’s perspective on the cryptocurrency industry and the support of politicians, including the prime minister, for this world, Binance returned to the country in 2022.

Binance also acquired the Japanese exchange Sakura Exchange BitCoin, creating a subsidiary in the country.

Binance had also reached an agreement with Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest financial institutions, to issue stablecoins.

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