Yes

>>Binance’s addition of FET/JPY and TAO/JPY pairs broadens access to the Japanese market.

Binance’s addition of FET/JPY and TAO/JPY pairs broadens access to the Japanese market.

crypthub

3 days ago

New JPY Trading Pairs

Binance will launch FET/JPY and TAO/JPY spot pairs at 8:00 a.m. UTC on 9 January 2025. The tokens—Fetch.ai (FET) and Bittensor (TAO)—are AI‑focused blockchain assets. Direct yen trading removes the need for BTC or USDT conversion, giving Japanese investors pure fiat access. The addition fits Binance’s broader Asian market expansion.

Regulatory Alignment

Binance Japan K.K. is fully registered with the Japanese Financial Services Agency, meeting the country’s strict digital‑asset rules. This compliance provides Japanese users with greater security than offshore platforms and attracts institutional interest. Binance adds pairs only after confirming market demand through data‑driven analysis.

Market Impact

Eliminating conversion steps reduces fees and should increase volume and liquidity for FET and TAO. Initial volatility is typical, but stabilization is expected within two weeks, with peak activity during Japan’s business hours. International traders should watch liquidity shifts across time zones; standard Binance spot fees apply.