Binance, one of the world's leading cryptocurrency exchanges, has announced the addition of new trading pairs denominated in Japanese yen (JPY), starting from March 12, 2024. Users will be able to trade popular cryptocurrencies such as BNB, BTC, and ETH directly on the Binance Spot platform, expanding the list of trading choices and enhancing the user experience.
According to the official announcement, Binance will open trading for the BNB/JPY, BTC/JPY, and ETH/JPY trading pairs at 08:00 (UTC) on March 12, 2024. JPY is a major fiat currency and one of the most traded currencies in the world, with a significant share of the global foreign exchange market. By introducing JPY trading pairs, Binance aims to cater to the evolving needs of its user base, especially in Japan, where cryptocurrency adoption and regulation have been advancing rapidly.
To celebrate the launch of JPY spot trading pairs, Binance has also rolled out an exciting zero-fee trading promotion, effective from March 12, 2024, at 08:00 (UTC) until April 11, 2024, at 07:59 (UTC). During this period, users will enjoy zero maker and taker fees on any JPY spot trading pairs, including the newly introduced ones and any upcoming ones. This promotion offers users a unique opportunity to trade with JPY on Binance Spot without paying any fees, providing a more cost-effective trading experience.
Binance has outlined specific terms and conditions for the zero-fee trading promotion, which users need to adhere to. Notably, the promotion excludes trading volume from VIP tier volume calculation and suspends various benefits such as BNB discounts, referral rebates, and other adjustments during the promotional period. Moreover, Binance reserves the right to disqualify trades that are deemed to be wash trades or display attributes of self-dealing or market manipulation, ensuring fair and transparent trading practices.
Binance's listing of JPY trading pairs and zero-fee promotion is a strategic move that reshapes the crypto landscape, offering users more options and incentives to trade with JPY on Binance Spot. Binance is poised to further strengthen its position as a preferred choice for cryptocurrency traders worldwide, as it continues to innovate and expand its products and services.
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