Fellow Binancians,
As part of the process to migrate Binance global accounts in Japan to the new Binance Japan platform, the current services accessible on the Binance global platform will be gradually retired. Japan users are advised to complete Binance Japan verification by 2023-11-20 at 23:59:59 (UTC+9) to access services on Binance Japan.
If the system confirms that users have passed Binance Japan verification by 2023-12-01 00:00 (UTC+9), the corresponding users will be migrated to Binance Japan starting from 2023-12-01 10:00 (UTC+9). As the migration will be executed throughout the day of 2023-12-01, please refrain from trading, making deposits or withdrawals, or taking other actions on that day. Users who have not passed Binance Japan verification by the set timeline, will have their Binance global accounts set to “Withdrawal Only” mode thereafter.
Once the migration is done, users will not be able to access or view any impermissible tokens or products on Binance Japan. Therefore, users are strongly encouraged to trade impermissible tokens for permissible tokens and sell impermissible products in advance. All outstanding impermissible assets will be automatically converted in accordance with the below schedule.
Binance Japan Verification:
Retail users: Submit your Binance Japan verification application by 2023-11-20 23:59:59 (UTC+9).
Corporate users: Respond to the previous email notification, or contact the customer service team via Live Chat after logging in with your User ID and company name by 2023-11-01 23:59:59 (UTC+9).
Timeline:
Deposits & Withdrawals
Crypto Deposits & Withdrawals: Starting from 2023-12-01 00:00 (UTC+9), users who have passed Binance Japan verification may continue depositing and/or withdrawing permissible tokens on Binance Japan. Deposits and withdrawals of impermissible tokens will not be supported.
Fiat Deposits & Withdrawals: Starting from 2023-12-01 00:00 (UTC+9), users who have passed Binance Japan verification may continue depositing and/or withdrawing funds in Japanese Yen (JPY) through Japanese banking channels only.
Trade
Spot & Convert: Spot and Convert services for all impermissible tokens will pause at 2023-12-01 00:00 (UTC+9). Thereafter, all open orders on impermissible tokens will be canceled progressively. Open orders may be filled during the cancellation process, as part of Binance global services. Open orders on permissible tokens will continue to be processed via Binance Japan services.
Spot Trading Bots (DCA, Grid, TWAP): Starting from 2023-11-27 00:00 (UTC+9), users may not be able to create new orders via selected spot trading bots, i.e., Dollar-Cost Averaging (DCA), Grid, and Time-Weighted Average Price (TWAP). Thereafter, all open orders or strategies on these spot trading bots will be automatically canceled progressively, and committed funds will be credited to users’ spot wallets. Starting from 2023-12-02 00:00 (UTC+9), users who have passed Binance Japan verification may create new orders via these spot trading bots for permissible tokens under Binance Japan services.
Spot Trading Bot (Rebalancing Bot): Starting from 2023-11-27 00:00 (UTC+9), users may not be able to create new orders via spot rebalancing bots. Thereafter, all open orders on these bots will be automatically canceled progressively, and committed funds will be credited to users’ spot wallets.
Margin: At 2023-11-06 00:00 (UTC+9), margin borrowing will pause. Starting from 2023-11-13 00:00 (UTC+9), users may not be able to create new margin orders. Thereafter, all open margin orders and positions will be automatically closed, any outstanding margin liabilities will be automatically repaid, and any remaining assets will be automatically transferred to users’ spot wallets progressively. Please note that regular trading fees apply to automatic settlement, and that users may not be able to update their positions during automatic settlement. Users are strongly advised to close their positions and transfer their funds from margin wallets to spot wallets before 2023-11-13 00:00 (UTC+9).
Futures Trading & Futures Trading Bots (Grid, TWAP and VP): Starting from 2023-10-23 00:00 (UTC+9), users were not able to create new futures positions, or place futures orders via futures tradings bots, i.e., Grid, Time-Weighted Average Price (TWAP), and Volume Participation (VP). Users could replenish margin balances, reduce or close existing positions, or close running strategies on futures trading bots by 2023-10-31 23:59 (UTC+9). Starting from 2023-11-01 00:00 (UTC+9), all open futures orders, positions, as well as strategies on futures trading bots will be automatically canceled progressively. Real-time market price at the time of closure and regular trading fees will apply, where applicable. Any remaining assets will then be automatically credited to users’ spot wallets.
OTC trading: Starting from 2023-12-01 00:00 (UTC+9), OTC trading will not be supported until further notice.
P2P Trading: Starting from 2023-10-30 00:00 (UTC+9), Japanese P2P merchants will be offboarded, and the process is expected to complete by 2023-11-13 00:00 (UTC+9). Thereafter, P2P services will not be available for Japanese users.
API Trading: Starting from 2023-12-01 00:00 (UTC+9), users may only be able to trade permissible tokens and products via API trading.
Binance Loans & VIP Loan
At 2023-11-20 00:00 (UTC+9), all outstanding Binance Loans and VIP Loan positions will be automatically closed. Users are advised to fully repay any outstanding loans by 2023-11-20 00:00 (UTC+9), to avoid potential loss.
Binance Launchpad & Launchpool:
Starting from 2023-12-01 00:00 (UTC+9), users may not be able to participate in any new Launchpad or Launchpool until further notice. Thereafter, any remaining funds staked in Launchpool will be automatically redeemed to users’ spot wallets progressively.
Earn
Subscription
All Earn products will not be available for subscription starting from 2023-11-20 00:00 (UTC+9), and Simple Earn Locked Products and Auto-Invest will be re-enabled at 2023-12-02 00:00 (UTC+9) via Binance Japan services.
Redemption
Simple Earn Locked Products: All positions opened before 2023-11-20 00:00 (UTC+9) will be returned to users’ spot wallets with any accrued rewards, starting from 2023-11-24 00:00 (UTC+9). Users may subscribe to new positions on permissible tokens under Binance Japan services starting from 2023-12-02 00:00 (UTC+9).
Auto-Invest: All positions opened before 2023-11-20 00:00 (UTC+9) will be paused and removed. Users may subscribe to new positions on permissible tokens under Binance Japan services starting from 2023-12-02 00:00 (UTC+9).
Simple Earn Flexible Products, BNB Vault and DeFi Staking: Starting from 2023-11-24 00:00 (UTC+9), digital assets used to subscribe to these products will be returned to users’ spot wallets, together with any accrued rewards.
ETH Staking: Users may choose to swap their BETH and WBETH for ETH before 2023-12-01 00:00 (UTC+9). Thereafter, BETH in users’ spot wallets will be automatically swapped for ETH on a 1:1 basis, and WBETH will be automatically swapped for ETH based on the official conversion rate of the day.
DOT Slot Auction: DOT used to participate in the DOT Slot Auction were automatically returned to users’ spot wallets on 2023-10-26. If users who had swapped their staked DOT for BDOT, have not redeemed their staked DOT with BDOT at 1:1 basis, their staked DOT will be automatically redeemed at 1:1 basis starting from 2023-11-09. All unclaimed voting reward tokens will be auto-distributed to users’ spot wallets starting from 2023-11-09.
Swap Farming: Starting from 2023-11-24 00:00 (UTC+9), rewards may not be claimable. Please redeem your Swap Farming rewards before then.
Liquid Farming: Starting from 2023-11-24 00:00 (UTC+9), funds added to liquidity pools will be automatically redeemed to users’ spot wallets, based on the prevailing composition ratios of the pools. Please note that all positions are subject to changes in composition ratios due to the nature of liquidity pools.
Auto-Invest Index-Linked Plan: Starting from 2023-11-24 00:00 (UTC+9), funds committed to Auto-Invest Index-Linked Plans will be automatically redeemed to users’ spot wallets.
Binance Pool: Starting from 2023-11-20, users will no longer earn mining income from Binance Pool, and thus are advised to disable their Miner Configurations immediately. Thereafter, digital assets used to subscribe to Pool Savings and funds committed to Cloud Mining orders will be automatically redeemed and returned to users’ spot wallets, together with any accrued rewards.
Dual Investment: Existing subscriptions will be automatically closed starting from 2023-11-24 00:00 (UTC+9). Deposit currencies will be returned to users’ spot wallets, along with any accrued rewards in deposit currencies.
NFT
NFT Trading: Starting from 2023-12-01 00:00 (UTC+9), users may not be able to trade NFTs denominated in impermissible tokens. All open orders denominated in impermissible tokens will be automatically canceled progressively. During the cancellation, open orders demonidated in impermissible tokens may be filled. Starting from 2023-12-02 00:00 (UTC+9), users who have passed Binance Japan verification may continue trading NFTs demonidated in permissible tokens under Binance Japan services.
NFT Royalties: Starting from 2023-12-01 00:00 (UTC+9), users may not be able to receive NFT royalties as a creator until further notice.
Fan Token:
At 2023-11-13 00:00 (UTC+9), Fan Token services will be suspended and all open orders will be canceled progressively.
Gift Card
Starting from 2023-11-13 00:00 (UTC+9), all Gift Card functions will be unavailable to Japan users, including redeeming, sending, and creating Gift Cards. Users are encouraged to send or redeem any Gift Cards in advance to avoid any potential loss.
Binance Pay
Starting from 2023-11-03 00:00 (UTC+9), the Send Cash and Crypto Box functions of Binance Pay will be unavailable. Starting from 2023-11-13 00:00 (UTC+9), all other Pay services will become unavailable.
Referral
Starting from 2023-11-10 00:00 (UTC+9), users may not establish new referral connections to receive commissions. At 2023-11-13 00:00 (UTC+9), all referral connections will be terminated, either as the refererer or the referred. When a referral connection is terminated, the referrers will no longer receive any commissions.
DeFi Wallet
At 2023-11-01 00:00 (UTC+9), users’ DeFi Wallets will be set to “Withdrawal Only” mode. Users need to initiate a chat with customer service to have their accounts whitelisted for withdrawal for 24 hours. Starting from 2023-11-23 00:00 (UTC+9), users’ access to DeFi Wallet will be completely suspended. Thereafter, any remaining funds in DeFi Wallets will be credited to users’ spot wallets. For tokens that are not supported on the Binance Global platform, the tokens will be automatically converted to BTC based on the real-time market price on CoinMarketCap. If users hold tokens that do not have a reliable market price on CoinMarketCap, the tokens will be considered to have a value of 0 and users will not receive any BTC in return. Regular transaction fees apply. Users are advised to withdraw their funds in advance.
Ceffu
Starting from 2023-11-20 00:00 (UTC+9), users may not be able to bind their Binance global accounts with Ceffu. Starting from 2023-12-01 00:00 (UTC+9), users may not be able to use Ceffu services with their Binance global accounts. Users are advised to take necessary actions in advance to avoid any potential loss.
Should you have any further questions, please reach out to customer service via in-app CS chat. Select “Unresolved” > “Forward to Customer Service” to initiate a chat with a CS agent.
Note: Where any discrepancy arises between the translated versions and the original Japanese version, the Japanese version shall prevail.
Thanks for your support!
Binance Team
2023-11-02
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Note: This announcement was last updated on 2023-12-01 to reflect changes on the timeline with Binance Pool services. It was previously updated on 2023-11-10 to reflect changes on referral and add clarifications on the conversion of tokens in DeFi Wallets.
Risk Warning
Crypto assets are not "legal tender" whose value is guaranteed by the government, such as the Japanese Yen or Dollar. They are electronic data exchanged over the Internet.
Crypto assets can incur losses due to price fluctuations. You may lose money if the price of a crypto asset plummets or suddenly becomes worthless.
Crypto assets may not trade at the price or volume you ordered due to market conditions or liquidity fluctuations.
Cryptographic assets may lose their value due to the failure of the blockchain or other recording mechanisms.
If the login information used for electronic authentication is compromised, a third party may misuse that information, which could result in losses to you.
If you use a self-managed wallet, etc. and lose your private key or password, you may not be able to use the cryptographic assets you hold and may lose their value.
Although the Company manages users' assets separately from the Company's assets, in the event of the Company's bankruptcy, the Company may not be able to return the deposited money or cryptographic assets.
Cryptographic assets may be used for payment in lieu only with the consent of the person receiving payment in lieu.
The price of crypto assets varies between the purchase price and the sale price.
