The world's largest crypto exchange, Binance, launched a promotion with zero fees on ADA/JPY, DOGE/JPY, and XRP/JPY trading pairs, potentially attracting Japanese traders.
Benefits to Traders
Binance offers a zero-fee trading promotion for ADA/JPY, DOGE/JPY, and XRP/JPY spot trading pairs. This promotion runs from November 15 to 27. The trading volume on these pairs will be excluded from the VIP tier volume calculation and all Liquidity Provider programs during the promotion period.
Binance's Return to Japan
After withdrawing from the Japanese market in 2018 due to regulatory warnings, Binance acquired Sakura Exchange BitCoin (SEBC) in 2022. By summer 2023, Binance launched Binance Japan, offering trading services with 47 cryptocurrencies.
XRP, DOGE, and ADA Price Dynamics
Following the zero-fee announcement, ADA and DOGE surged by 13%, and XRP by 10%. The price increase coincided with a broader digital asset market rally.
Binance's promotion could strengthen its foothold in the Japanese market and boost local interest in cryptocurrency trading.
