Binance Japan Market Strategy | Primary Goal: List 100 Trading Pairs! Considering Collaboration to Develop Stablecoins
Binance Japan officially launched in early August and today held an online business briefing. Company representative Takeshi Kohno spoke on "Japan market strategy and the prospects and challenges of stablecoin opportunities," discussing not only the potential features to be introduced in the future but also plans for collaboration with Japanese enterprises.
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Binance Japan to Continue Adding Listed Coins, Aiming to Introduce Futures Trading
According to a report by Japanese media Coinpost, Binance Japan currently primarily offers cryptocurrency spot trading and the cryptocurrency lending product "Simple Earn." Although margin trading is not currently offered, once they obtain a first-class financial instrument business operator license, they plan to provide futures trading similar to that of Binance International.
Regarding whether features such as Binance International's Launchpad, token staking, and NFT marketplace will be introduced in the future, Tsuyoshi Chino stated that they will gradually bring these functions to the Japanese market in accordance with domestic regulations in Japan.
Furthermore, Binance Japan currently has 34 cryptocurrency trading pairs, the most in Japan. Tsuyoshi Chino mentioned that they have obtained approval from Binance headquarters to establish a policy for selecting token trading pairs to list in Japan, with the primary goal of listing 100 trading pairs.
Binance Japan's Corporate Collaboration Goals, Considering Joint Introduction of Stablecoins
In addition to the content of trading and platform functions, Tsuyoshi Chino also mentioned themes beyond cryptocurrency trading. He stated that they will promote cooperation between the Binance ecosystem and the Japanese government and private enterprises, with plans to focus on "stablecoins" as the core to facilitate integration with the existing financial system.
The collaboration goals include:
- Using stablecoins in the payment sector for security token offering (STO) issuance
- Recruitment of merchants for the payment platform "Binance Pay"
- Development of educational programs
- DAO solutions in regional revitalization
- NFT issuance
Furthermore, with Japan lifting the ban on opportunities for yen stablecoins after amending the "Payment Services Act" in June this year, Tsuyoshi Chino is particularly interested in this area. Despite stablecoins being restricted in Japan to issuance only by "banks, money transfer service providers, and trust companies," Binance Japan is considering joint development with other companies.