Your Voice, Our Headlines

Download Folkspaper App with no Ads!


A fast-growing newspaper curated by the online community.

Binance Speaking With Dispatch Crypto-Trading Joint Undertaking in Japan?

  • tag_facesReaction
  • Tip Bones

Crypto exchange Binance is eyeing the launch of a new trading platform dedicated to the Japanese market.

According to a blog announcement this week, the firm said it is discussing a strategic partnership with Z Corporation and existing Japan-based exchange TaoTao to work together to provide trading services in the country.

Z Corporation is a wholly-owned subsidiary of Z Holdings Corporation, itself a subsidiary of Tokyo-based multinational Softbank formerly Yahoo Japan.

The three firms would harness Binance's technologies to build out the new service, according to the announcement. The two Japanese firms will take on the responsibility of working with the Japanese regulator, the Financial Service Agency, to ensure the new venture is compliant with local rules.

The news comes just days after Binance invested South Korean stablecoin issuer BxB, saying the firm would work to support a new support center, which it will set up for local exchange users.