Stellar (XLM), a leading blockchain project often seen as a rival to XRP, is making significant strides in Japan's cryptocurrency market. Binance, one of the worldโs largest crypto exchanges, has announced the addition of several Japanese Yen (JPY) trading pairs, including XLM/JPY. This strategic move is poised to boost Stellarโs visibility in Japan, enhancing its trading activity and solidifying its market presence in the region.
The introduction of JPY trading pairs is part of Binanceโs broader effort to diversify its Spot trading options and improve the user experience. The rollout will occur in two phases, with the first batchโincluding XLM/JPY, APT/JPY, PEPE/JPY, and SUI/JPYโset to launch on January 9 at 8:00 a.m. UTC. The second phase, featuring IOTX/JPY and SEI/JPY, will follow on January 16 at the same time. To encourage adoption, Binance is offering a zero-maker fee promotion for the XLM/JPY pair, running from January 9 to February 9.
Boosting Accessibility and Adoption๐๐๐
The addition of the XLM/JPY trading pair is expected to significantly increase Stellarโs liquidity and appeal to Japanese investors. As the official currency of Japan, the Japanese Yen offers users a seamless way to trade and invest in XLM. Binance Japan users will have exclusive access to JPY deposits and withdrawals, making Stellar more accessible to a growing audience in this critical market.
At the time of writing, XLM is experiencing a surge in price, rising 1.19% over the past 24 hours to $0.455 and gaining an impressive 36.35% over the last week. This positive momentum could further accelerate as trading volumes climb, driven by Stellarโs growing adoption in Japan.
Additional Binance Listings and Futures Updates๐ฅ๐ฅ๐ฅ
In related news, Binance has announced several other listings and enhancements to its trading ecosystem. On January 8 at 8:00 a.m. UTC, new Spot trading pairs, including BIO/USDC, HIVE/TRY, MOVE/USDC, PHA/TRY, and SUSHI/TRY, will go live. Additionally, Binance Futures will launch perpetual contracts for COOKIE/USDT, ALCH/USDT, and SWARM/USDT with leverage of up to 75x on January 7. These initiatives aim to broaden Binanceโs offerings and provide users with more diverse trading opportunities.
With these updates, Binance continues to expand its reach, while Stellarโs inclusion in the new JPY pairings underscores its growing influence in global cryptocurrency markets.
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