• A new partnership is in the works between Binance Holdings Limited and Z Corporation.
  • This is in an attempt to work together ahead of trading services being released in Japan. 
  • Binance recently revealed that it is planning to shift the dynamics of its services in Japan for the nation’s citizens.

A new partnership is in the works between Binance Holdings Limited and Z Corporation in an attempt to work together ahead of trading services being released in Japan. 

According to the official post:

“Z Corp, a subsidiary of Yahoo Japan, and TaoTao will continue discussions and deliberations with Binance and begin preparation to launch trading services for users in Japan. Through licensing Binance’s cutting-edge technologies, Z Corp and TaoTao will collaborate with the Financial Service Agency to ensure full regulatory compliance in the Japanese market.”

Binance recently revealed that it is planning to shift the dynamics of its services in Japan for the nation’s citizens. Furthermore, Binance has shown off its plans to slowly but surely limit transactions in the country. 

By getting involved with the country, the future of Binance looks positive, so it will be interesting to see how this situation plays out for the foreseeable.

After the announcements, the CEO of the platform said the following:

“Many non-Japanese may not understand the significance of this. TaoTao & Z-Corp are subsidiaries of Yahoo Japan. YJ has been independent from Yahoo US for a long long time and is doing well. It is 48% owned by Softbank. Couldn’t ask for a better partner than TaoTao in Japan.”

For more news on this and other crypto updates, keep it with CryptoDaily!

Source
Author: Robert Johnson

Categories: Exchange

0