One of the world’s leading crypto exchange Binance is continuing to expand into countries all over the world. In the latest collaboration, Binance is in negotiations with the Z Corporation, a subsidiary of Yahoo Japan, and TaoTao for strategic partnerships in the Japanese market.
“Couldn’t ask for a better partner than Tao Tao in Japan.”
The CEO and founder of Binance, Changpeng Zhao, tweeted that Many non-Japanese may not understand the significance of this. TaoTao & Z-Corp are subsidiaries of Yahoo Japan. YJ has been independent from Yahoo US for a long time and is doing well. It is 48% owned by Softbank. He added that they could not have asked for a better partner than Tao Tao in Japan.
Many non-Japanese may not understand the significance of this. TaoTao & Z-Corp are subsidiaries of Yahoo Japan. YJ has been independent from Yahoo US for a long long time and is doing well. It is 48% owned by Softbank.
Couldn't ask for a better partner than TaoTao in Japan. https://t.co/dhTaJkD7WC
— CZ Binance (@cz_binance) January 17, 2020
Binance and Z Corp will ensure regulatory compliance.
The exchange, in its announcement, revealed that Z Corporation, Tao Tao, and Binance will cooperate with the Financial Service Agency to ensure full regulatory compliance in the Japanese market. The Malta-based exchange aims to enter the Japanese market and offer crypto and trading services in a regulated environment. Binance has been expanding all over the world by collaborating with local companies.
