Important Binance announcement affecting some XRP, ADA and DOGE traders: details

TL; DR

Binance launched a special promotion on JPY trading pairs, able In order to attract Japanese businessmen and increase activity.
This move coincided with a sharp rise in property prices.

The advantages of these traders

The world's largest crypto exchange kick off Zero fee trading promotion for all users on ADA/JPY, DOGE/JPY and XRP/JPY spot trading pairs. The promotion period will be held From today (November 15) to November 27

“Trading volume on ADA/JPY, DOGE/JPY and XRP/JPY is not included Volume calculation from VIP level and all liquidity provider programs during the promotion period, when applicable,” the company explained.

JPY is the symbol for Japan's national currency (yen), and Binance's efforts may be part of its strategy to expand its services and user base in the “Land of the Rising Sun.”

The exchange had a strong presence in the domestic market until 2018, when it exited after domestic regulators. warned He was working without permission. In November 2022 though, Binance announced Getting the Sakura Exchange BitCoin (SEBC), so preparing to re-enter the Japanese soil. In the summer of 2023, the company Introduced Binance Japan, SEBC has stopped its first services.

We hope to strengthen the development of the Japanese digital asset market by providing regulated exchange services in Japan. The country's commitment to technological innovation and growing interest in blockchain technology make it an amazing place to build a strong and sustainable Web3 ecosystem. he said. at the moment.

Binance's Japanese subsidiary has received regulatory approval Providing Business services with all in all 47 cryptocurrencies, the highest number offered in the country.

XRP, DOGE and ADA Price Outlook

The firm announced its zero-fee trading promotion on November 13th, and the cryptocurrencies included saw significant gains in the following hours.

Cardano (ADA) and Dogecoin (DOGE) are each up 13%, while Ripple's XRP is up 10%. It is worth mentioning that the resurgence coincides with a huge green wave in the entire digital asset market. which one led Bitcoin (BTC) all time high More than 93,000 dollars.

Since then, while DOGE and ADA have strengthened, XRP has continued to rise. Ripple's native token is up nearly 15% on a 24-hour scale, following Rumors abound. US SEC chief Gary Gensler is set to resign.

of The commission has filed many lawsuits against crypto companies During his tenure. in case Very popular is it. A legal battle with Ripple.

It is safe to assume that the community will be waiting for the next opportunity. The head of the control To be more open to innovation and pro-crypto: Factors that could cause further price rally for XRP and the market as a whole.