$XLM

Binance has made significant announcements aimed at expanding trading options and enhancing user experience. A key development involves the listing of new JPY trading pairs, including XLM/JPY, to boost Stellar’s presence in the Japanese market. This move is expected to increase trading volume and overall market visibility for Stellar (#XLM).

The JPY trading pairs will be rolled out in two phases:

January 9 at 8 a.m. UTC: $XLM/JPY, $APT/JPY, $PEPE/JPY, and $SUI/JPY.

January 16 at 8 a.m. UTC: IOTX/JPY and SEI/JPY.

To encourage participation, Binance is offering a zero-maker fee promotion for JPY spot trading pairs from January 9 to February 9. This initiative aims to enhance liquidity and trading activity for XLM in Japan, where the Japanese yen (JPY) is the national currency. Only Binance Japan users will be able to deposit or withdraw in JPY.

At the time of reporting, XLM rose by 1.19% in 24 hours, reaching $0.455, with a 36.35% gain over the last seven days.

In addition to these listings, Binance announced the launch of the following spot trading pairs on January 8 at 8 a.m. UTC:

BIOUSDC, HIVETRY, MOVEUSDC, PHATRY, and SUSHITRY.

For derivatives traders, Binance Futures will introduce COOKIEUSDT, ALCHUSDT, and SWARMSUSDT perpetual contracts with up to 75x leverage starting January 7.