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In a remarkable development for Stellar (XLM)Major cryptocurrency exchange Binance has announced the listing of new Japanese yen trading pairs, including XLM/JPY. The move is expected to increase Stellar's exposure to the Japanese market, providing a boost to its trading volumes and overall market presence.
According to a hadith AdvertisersThis move by Binance aims to expand the list of trading options on Binance Spot and improve the trading experience for users.
The new Japanese Yen trading pairs will be released in two batches. The first batch, which includes XLM/JPY, will be launched on January 9 at 8 a.m. UTC along with APT/JPY, PEPE/JPY, and SUI/JPY. The second batch will be launched on January 16 at 8 AM UTC, including IOTX/JPY and SEI/JPY.
To further encourage trading, Binance has announced a no-fee promotion on spot trading pairs for the new Japanese yen. The promotion period for XLM/JPY will run from January 9th to February 9th.
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The move is expected to boost liquidity and trading activity for Stellar (XLM) in Japanese markets. The Japanese Yen (JPY) is the official currency of Japan and, according to a Binance announcement, can only be deposited or withdrawn by Binance Japan users. Increased access to XLM through the JPY could increase trading volumes and increase Stellar adoption in the region.
At the time of writing, XLM is up 1.19% in the past 24 hours to $0.455 and by 36.35% in the past 7 days.
Other Binance ads
In similar ads, Binance Trading on the trading pairs BIO/USDC, HIVE/TRY, MOVE/USDC, PHA/TRY and SUSHI/TRY will open on January 8 at 8 AM UTC. It says that the move aims to expand the list of trading options offered on Binance Spot and enhance the trading experience for users.
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In separate listings, Binance Futures will launch perpetual contracts for COOKIEUSDT, ALCHUSDT, and SWARMSUSDT with leverage of up to 75x on January 7.
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