Overview

• PayPay acquired a 40% equity stake in Binance Japan, with neither company disclosing financial terms.
• Both firms said Binance Japan customers will be able to buy cryptocurrencies and withdraw proceeds using PayPay Money, with rollout details still in development.
• PayPay brings a reported user base of over 70 million and is controlled within the SoftBank group, which has said the unit has applied to list American depositary shares in the U.S.
• Japan’s regulatory backdrop is evolving, with reports that crypto could be classified as financial products under legislation targeted for submission as early as 2026.
• BNB rose roughly 4% intraday following the announcement, reflecting a positive near‑term market reaction.