{"id":20879,"date":"2024-11-15T18:29:47","date_gmt":"2024-11-15T18:29:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=20879"},"modified":"2024-11-15T18:29:47","modified_gmt":"2024-11-15T18:29:47","slug":"important-binance-announcement-affecting-certain-xrp-ada-and-doge-traders-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=20879","title":{"rendered":"Important Binance Announcement Affecting Certain XRP, ADA, and DOGE Traders: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance launched a special promotion on specific JPY trading pairs, <\/span>potentially<\/span> aiming to attract Japanese traders and boost activity.<\/span>
\nThis move coincided with a substantial surge in the assets\u2019 prices.<\/span><\/p>\n

<\/a><\/h2>\n

Benefits to These Traders<\/span><\/h2>\n

The world\u2019s biggest crypto exchange <\/span>launched<\/span><\/a> a zero-fee trading promotion for all users on the ADA\/JPY, DOGE\/JPY, and XRP\/JPY spot trading pairs<\/span>. The promotion period will run<\/span> from today (November 15) to November 27.<\/span><\/p>\n

\u201c<\/span>The trading volume on ADA\/JPY, DOGE\/JPY, and XRP\/JPY spot trading pairs will be excluded<\/span> from the VIP tier volume calculation and all Liquidity Provider programs during the Promotion Period, where applicable,\u201d the company explained.<\/span><\/p>\n

JPY is the symbol of the Japanese national currency (the yen), and Binance\u2019s effort could be part of its strategy to expand its services and user base in \u201cthe Land of the Rising Sun.\u201d\u00a0<\/span><\/p>\n

The exchange had a solid presence in the local market until 2018, when it pulled out after the domestic regulators <\/span>warned<\/span><\/a> it had been operating without permission. In November 2022, though, Binance <\/span>announced<\/span><\/a> the acquisition of Sakura Exchange BitCoin (SEBC), thus preparing for a re-entry on Japanese soil. In the summer of 2023, the firm <\/span>introduced<\/span><\/a> Binance Japan, while SEBC ceased its original services.<\/span><\/p>\n

\u201cBy offering regulated exchange services in Japan, we\u2019re hoping to bolster the development of the Japanese digital asset market. The country\u2019s drive for technological innovation and growing interest in blockchain technology make it a fantastic place to build a robust and sustainable Web3 ecosystem,\u201d it <\/span>stated<\/span><\/a> at the time<\/span>.<\/span><\/p>\n

The Japanese subsidiary of Binance received regulatory approval to <\/span>provide<\/span> trading services with <\/span>a total of<\/span> 47 cryptocurrencies, the highest number offered in the country.<\/span>\u00a0<\/span><\/p>\n

XRP, DOGE, and ADA Price Outlook<\/span><\/h2>\n

The firm disclosed the zero-fee trading promotion on November 13, and the cryptocurrencies involved experienced a substantial uptick in the following hours.<\/span><\/p>\n

Cardano (ADA) and Dogecoin (DOGE) pumped by 13% each, while Ripple\u2019s XRP registered a 10% increase. It is worth mentioning that the resurgence coincided with a massive green wave in the entire digital asset market, <\/span>which<\/span> led to <\/span>Bitcoin\u2019s (BTC) all-time high<\/span><\/a> of over $93,000.\u00a0<\/span><\/p>\n

While DOGE and ADA have rather consolidated since then, XRP has continued its uptrend. Ripple\u2019s native token is up nearly 15% on a 24-hour scale, following <\/span>increased rumors<\/span><\/a> that the US SEC\u2019s leader, Gary Gensler, is about to vacate his post.\u00a0<\/span><\/p>\n

The<\/span> Commission filed numerous lawsuits against crypto companies <\/span>during his tenure. Perhaps<\/span> the most popular <\/span>is<\/span> the legal battle against Ripple<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

It is safe to assume that the community will expect the next potential <\/span>leader of the regulator<\/span> to be more open to innovation and pro-crypto<\/span>: <\/span>factors that may result in a further price rally for XRP and the entire market.<\/span>\u00a0<\/span><\/p>\n

The post Important Binance Announcement Affecting Certain XRP, ADA, and DOGE Traders: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance launched a special promotion on specific JPY trading pairs, potentially aiming to attract Japanese traders and boost activity. This move coincided with a substantial surge in the assets\u2019 prices. Benefits to These Traders The world\u2019s biggest crypto exchange launched a zero-fee trading promotion for all users on the ADA\/JPY, DOGE\/JPY, and XRP\/JPY spot […]<\/p>\n","protected":false},"author":0,"featured_media":20880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20879"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20879"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/20880"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}