See More

Binance Delists Trading Pairs, While Japan Gets 100 New Ones

2 mins
Updated by Ryan Boltman
Join our Trading Community on Telegram

In Brief

  • Binance Japan plans to triple its token holdings, allowing the trading of 100 altcoins, currently supporting 34 tokens.
  • The exchange also intends to offer futures trading after acquiring a Class 1 Financial Instruments Business Operator license.
  • Despite expansion plans, Binance announced the delisting of nine cross-margin and isolated-margin trading pairs from Sept. 9.
  • promo

Binance wants to triple the number of trading pairs it offers in Japan, while at the same time delisting nine cross-margin and isolated-margin pairs elsewhere.

According to a CoinPost report, the General Manager of Binance Japan, Takeshi Chino, announced that the exchange will soon allow the trading of 100 altcoins in total. Currently, Binance Japan only supports 34 tokens.

Binance Japan Executive Reveals Future Plans

Binance’s Japanese entity also plans to allow futures trading after obtaining a Class 1 Financial Instruments Business Operator license in the country. Furthermore, the company wants to launch a Japanese yen-based stablecoin.

Click here to learn how to trade Bitcoin futures and options like a pro!

Last year, Binance acquired the Japanese-registered Sakura Exchange Bitcoin (SEBC) with the intention of establishing a subsidiary in Japan. Eventually, Binance Japan went live on Aug. 1.

Japan is opening its doors to the crypto industry through robust regulations and whitelisting processes. On Wednesday, it granted whitelist approval to the blockchain platform EOS, allowing Japanese citizens to trade EOS tokens against the yen.

Binance Delists 9 Trading Pairs

While Binance is expanding into the Japanese market, it has announced the delisting of nine cross-margin and isolated-margin trading pairs from Sept. 9. The nine trading pairs are as follows:

  1. AMB/BUSD
  2. DASH/BUSD
  3. FIDA/BUSD
  4. HARD/BUSD
  5. HOT/BUSD
  6. IOST/BTC
  7. NULS/BUSD
  8. PORTO/BUSD
  9. REQ/BUSD

Out of these nine trading pairs, eight are BUSD trading pairs. Binance has terminated supporting the stablecoin after the issuer Paxos stopped minting it due to regulatory challenges.

The exchange has been gradually delisting the BUSD trading pairs since then.

Do you have something to say about Binance Japan altcoin listings or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Frame-2264-1.png
Harsh Notariya
Harsh Notariya is a journalist at BeInCrypto, who writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created educational reports on...
READ FULL BIO
Sponsored
Sponsored