Share this article
Binance Alliance With Japanese Crypto Platform Abandoned
A potential partnership between Binance and TaoTao fell through, 10 months after first being revealed.
Updated Sep 14, 2021, 10:04 a.m. Published Oct 6, 2020, 4:00 a.m.
Global virtual asset exchange Binance and Japanese crypto trading platform TaoTao did not reach an agreement on a strategic alliance to launch a joint venture in Japan.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- TaoTao announced Monday that negotiations between the two parties to create a crypto trading platform dedicated to Japanese users have ended without agreement and the alliance was abandoned, CoinDesk Japan reported.
- Binance entered into discussions with Japan’s Z Corporation (a subsidiary of Z Holdings, which owns Yahoo Japan) and its affiliate, local crypto trading platform TaoTao, in January 2020 with the goal of incorporating Binance's trading technology and operational know-how to expand its domestic business.
- It is unclear why the attempted partnership fell through.
- In 2018, Japan’s financial watchdog FSA warned Binance against operating without a license; earlier this year, the firm announced it will phase out services to customers residing in Japan.
- Last month, Japanese crypto exchange Fisco (previously Zaif), which suffered a $60 million hack in 2018, filed suit against Binance, alleging it knowingly allowed stolen funds to be laundered through its exchange.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
Lo que debes saber:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
