Binance Japan Announces Market Strategy, Focusing on "Wide Wide Adoption of Web3 and Stablecoin Business"

Odaily Planet Daily News Binance Japan held an online business briefing today. The company’s representative Chino shared the development strategy in the country’s market at the meeting, including supported tokens, leveraged transactions, and the current global version of Binance. Various use cases developed in . Chino mentioned that he will actively promote the Binance ecosystem’s plan to cooperate with Japanese private companies and the government, and said that this is a policy that focuses on stablecoins and promotes integration with the existing financial system. Currently, the main services provided by Binance Japan are cryptocurrency spot trading and the crypto lending product "Simple Earn". In addition, Binance Japan plans to launch leveraged trading after obtaining a license as a first-tier financial instrument business operator. Although Chino did not specify when other products of the Binance Global Edition will be launched in the Japanese market, he said that he plans to gradually introduce these products into the local market in accordance with Japanese regulations. In addition, Chino said that he is in discussions with other exchanges in Japan with a view to cooperating in token screening. Because the Japanese market is expected to have widespread adoption of Web3, Binance Japan is focusing on how to connect the Binance global ecosystem with the Japanese market in the short to medium term. These targets include the security token offering (STO) payment sector utilizing stablecoins, merchants acquiring payment platform Binance Pay, as well as developing educational programs, DAO solutions for regional revitalization, and issuing NFTs. Goji Chino paid special attention to the business opportunities of Japanese yen stablecoins. In addition to regulatory relaxation, he mentioned that Japanese yen-based stablecoins can not only meet the needs of virtual currencies, but also be used for trade transactions, security tokens, and programmable payments. Various use cases. Chino also said that in order to expand its market in Japan, Binance Japan is vigorously recruiting new talents. (Coinpost)