Binance, a leading cryptocurrency exchange, announced significant changes to its trading pairs, impacting both Nigerian and Japanese markets. The platform is removing Nigerian Naira (NGN) trading pairs due to regulatory issues, urging users to convert their Naira balances to stablecoins, specifically Tether's USDT, by Friday. Failure to comply with this directive will result in an automatic conversion of balances to USDT, as reported by DL News. Concurrently, Binance is expanding its offerings by introducing Japanese Yen (JPY) trading pairs, including BNB/JPY, BTC/JPY, and ETH/JPY, set to open on March 12 at 08:00 UTC. This expansion also features a zero-fee trading promotion for all JPY spot trading pairs, marking a significant move into the Japanese market. It is noteworthy that JPY is the fiat currency of Japan.
JUST IN: @BINANCE TO LAUNCH SPOT TRADING PAIRS FOR JAPANESE YEN WITH $ETH, $BTC, $BNB
Binance to launch Japanese yen spot trading pairs for BNB, BTC, ETH globally https://t.co/kQfB4Gbj1l
UPDATE: @BINANCE EXPANDS JAPANESE YEN TRADING: BNB/JPY, BTC/JPY, AND ETH/JPY TRADING PAIRS SET TO OPEN ON MARCH 12, 08:00 (UTC)
Binance will open trading for the BNB/JPY, BTC/JPY and ETH/JPY trading pairs at 2024-03-12 08:00 (UTC). JPY is a fiat currency of Japan. Binance will also introduce a zero-fee trading promotion for all JPY spot trading pairs. https://t.co/TnxsITN4oE
BINANCE REMOVES NIGERIAN NAIRA TRADING PAIRS AMIDST REGULATORY TROUBLE Users are given until Friday to convert their Naira balances to stablecoins like Tether's USDT. Failure to do so by the deadline will result in automatic conversion of balances to USDT. Source: DL News https://t.co/MAkGVFjbmJ