In an exciting advancement for Stellar (XLM), it was recently announced that Binance, a significant cryptocurrency exchange, will be adding new JPY trading pairs, one of which is XLM/JPY. This decision could significantly enhance Stellar’s visibility in the Japanese market, potentially leading to increased trading volumes and strengthening its position within the global market.
Based on a recent statement from Binance, this action is intended to broaden the variety of trading options available on Binance Spot, with the ultimate goal of enhancing the quality of users’ trading experiences.
Two sets of new JPY trading pairs will roll out successively. On January 9th at 8 a.m. UTC, the first set – consisting of XLM/JPY, APT/JPY, PEPE/JPY, and SUI/JPY – will debut simultaneously. Another set featuring IOTX/JPY and SEI/JPY will be introduced on January 16th at 8 a.m. UTC.
As an analyst, I’m excited to share that Binance is offering a zero-maker fee promotion on their newly introduced JPY spot trading pairs to boost trading activity. This special offer applies to the XLM/JPY pair and runs from January 9th through to February 9th.
It’s anticipated that this action will increase the availability of Stellar (XLM) and stimulate more trading within the Japanese markets, as Binance Japan users can now deposit or withdraw Japanese Yen (JPY). This easier access to XLM through its JPY pair may result in larger trading volumes and a broader adoption of Stellar in the region.
Currently, as I’m typing this, Stellar Lumens (XLM) has increased by 1.19% over the past 24 hours, reaching a value of $0.455. Over the last week, it has experienced a growth of approximately 36.35%.
Other Binance announcements
On January 8th at 8 a.m. UTC, Binance will commence trading for the pairs BIO/USDC, HIVE/TRY, MOVE/USDC, PHA/TRY, and SUSHI/TRY. This action is intended to expand the selection of trading options available on Binance Spot, thereby enhancing users’ overall trading experience.
On January 7th, Binance Futures plans to introduce the following perpetual contracts: COOKIEUSDT, ALCHUSDT, and SWARMSUSDT, each offering up to 75 times leverage in separate listings.
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2025-01-07 16:04