The cryptocurrency exchange Binance has announced the introduction of two new Japanese Yen (JPY) based trading pairs on its spot market: FET/JPY and TAO/JPY. These pairs will become available for trading starting January 9, 2026, at 11:00 AM Turkish Standard Time. To coincide with this launch, Binance will implement a temporary incentive program offering zero commission for market makers.
Spot Market Options Broadened with New Pairs
According to Binance’s announcement, the altcoins FET and TAO will start trading against the Japanese Yen in the spot market. This development allows traders to directly buy and sell these altcoins using the JPY pair, effectively bypassing conversion costs. Transactions will be initiated globally at 11:00 AM on January 9, 2026, aligning with market hours.
The addition of these pairs is a strategic expansion primarily aimed at boosting liquidity in the Japanese market. By offering more fiat-based trading pairs on the spot market, Binance seeks to facilitate the development of diverse trading strategies and promote healthier price discovery. The FET/JPY and TAO/JPY pairs are recent examples of this approach.
The announcement also underscores that JPY is a fiat currency and does not represent any cryptocurrency. Furthermore, it notes that depositing and withdrawing Japanese Yen is limited to Binance Japan users, meaning Binance.com users will not be able to transfer JPY.
Details of the Zero Market Maker Campaign
Parallel to the activation of the new trading pairs, Binance will initiate a zero market maker fee campaign for the FET/JPY and TAO/JPY pairs. This promotional offer begins on January 9, 2026, at 11:00 AM and runs until February 9, 2026, at 10:59 AM. During this time frame, users adding liquidity to the order book will not incur any trading fees.
Binance noted that all trading volumes and metrics measured during the campaign will be evaluated at its discretion. It was explicitly stated that trades identified as market manipulation, self-trading, or improper use of multiple accounts might be excluded from the campaign. Participants interfering with program rules or affecting the functioning of the software may also be disqualified.
Once the campaign period concludes, the calculation of maker and taker fees for the relevant pairs will revert to standard procedures. Any possible changes will be announced separately.
