Binance Japan clients can now execute deposits and withdrawals with single-click transactions when trading crypto assets on the spot platform.
Crypto News
SoftBank-operated payment service PayPay has launched direct integration with Binance Japan, enabling users to buy crypto and withdraw holdings using PayPay Money funds. The move marks the exchange's first expansion beyond Japanese yen bank transfers following PayPay's 40% stake acquisition in October.
Binance Japan clients can now execute deposits and withdrawals with single-click transactions when trading crypto assets on the spot platform. PayPay Money, an electronic money service, facilitates peer-to-peer transactions between PayPay users at no charge. The integration provides 24/7 availability for fund transfers.
Minimum transfer amounts start at 1,000 yen, approximately $6.50, according to PayPay. Users must complete identity verification on both the Binance Japan app and PayPay app, then consent to account linking before processing payments. Deposit fees launch at zero, while withdrawal fees are fixed at 110 yen ($0.60).
Daily deposit limits cap at 1 million yen ($6,380) with monthly maximums of 2 million yen ($12,760). Withdrawal limits match deposit restrictions. Withdrawals become unavailable if PayPay Money balance limits are exceeded, the announcement notes.
SoftBank Group has actively explored crypto investment opportunities as a major Japanese financial company. The firm backed Twenty One Capital, one of the world's largest publicly traded companies with Bitcoin exposure, holding approximately 43,500 Bitcoin worth $3.7 billion. Twenty One Capital ranks among the top 10 public companies holding Bitcoin globally.
The integration arrives as SoftBank pushes for a PayPay listing in the United States. Investors reportedly expect the company's valuation to exceed 3 trillion yen ($20 billion) in a U.S. initial public offering potentially scheduled for December. The timing aligns with broader expansion of payment rail infrastructure for Japanese crypto users.
PayPay's electronic money service operates within Japan's established digital payment ecosystem. The platform's integration with Binance Japan provides streamlined access to crypto markets through familiar payment channels that Japanese users already employ for daily transactions.
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