Binance will begin expansion into the Japanese market

by in Cryptocurrency News

Binance Japan exchange

Binance has begun negotiations on a strategic partnership with Z Corporation Inc. - a division of Softbank holding with a 60% stake in Yahoo! Japan and TaoTao exchange.

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Negotiators are discussing the launch of trading services for Japanese users, which would be most consistent with local laws and, in particular, the requirements of the Financial Services Agency.

Yesterday, January 16, it became known that Binance intends to limit access to the platform for residents of Japan. These restrictions are temporary and are related to bringing the services in line with local law.

Also today, Binance announced the addition of margin trading opportunities with the BUSD asset paired with USDT.

Besides, the company announced the addition of perpetual contracts based on Chainlink with leverage up to 75x.

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The other day, Binance opened an account with the Ukrainian bank IBOX.