Binance Introduces New JPY Trading Pairs and Zero-Fee Promotion
Binance, the world’s leading cryptocurrency exchange, has recently announced the addition of three new trading pairs to its spot trading platform. Starting from March 12, 2024, users will be able to trade BNB/JPY, BTC/JPY, and ETH/JPY pairs on Binance.
To celebrate the launch of these JPY spot trading pairs, Binance is running a special promotion. From March 12 to April 11, 2024, all JPY spot trading pairs will have zero maker and taker fees. This promotion aims to enhance user experience and provide more trading options for Binance users.
It’s important to note that during the promotion period, the trading volume on JPY spot trading pairs will not be included in the VIP tier volume calculation or Liquidity Provider programs. Additionally, BNB discounts, referral rebates, and other adjustments will not apply to JPY spot trading pairs.
The introduction of JPY trading pairs is part of Binance’s strategy to expand its offerings and attract more users to its platform. By providing more trading options and incentives, Binance aims to strengthen its position as a leading cryptocurrency exchange.
With the addition of JPY trading pairs, Binance is making it easier for Japanese users to access and trade popular cryptocurrencies using their local currency. This move is expected to increase adoption and make it more convenient for users to participate in the cryptocurrency ecosystem.
However, Binance has reminded users that JPY is a fiat currency and does not represent any other digital currencies. The exchange reserves the right to disqualify trades that are deemed to be wash trades, illegally bulk account registrations, or trades that display attributes of self-dealing or market manipulation.
As the crypto market continues to evolve, the introduction of more fiat currency trading pairs is likely to attract more users and contribute to the overall growth of the crypto market. Binance’s initiative to introduce JPY trading pairs and offer a zero-fee promotion is expected to benefit both the exchange and its users.
