# Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/business/4816
Published: 2020-01-17T11:09:33.000Z
Updated: 2020-01-17T11:10:51.000Z
Section: Business

> Malta-based cryptocurrency exchange Binance has announced that it has entered into strategic partnership discussion with Z Corporation, a wholly-owned subsidiary of Softbank subsidiary Z Holdings Corporation, and Japa…

Malta-based cryptocurrency exchange Binance has announced that it has entered into strategic partnership discussion with Z Corporation, a wholly-owned subsidiary of Softbank subsidiary Z Holdings Corporation, and Japanese licensed cryptocurrency exchange TaoTao.

In its [press release](<https://www.binance.com/en/blog/421499824684900362/Z-Corporation-a-subsidiary-of-Yahoo-Japan-and-TaoTao-begin-negotiations-with-Binance-for-strategic-partnerships-in-the-Japanese-market->), Binance said that it will continue discussions and deliberations with Z Corp and TaoTao and start preparing for the launch of trading services for Japan-based users.

“Through licensing Binance’s cutting-edge technologies, Z Corp and TaoTao will collaborate with the Financial Service Agency to ensure full regulatory compliance in the Japanese market,” it said.

The announcement comes on the heels of [Binance’s recent statement](<https://binance.zendesk.com/hc/ja/articles/360038835091-%E3%83%90%E3%82%A4%E3%83%8A%E3%83%B3%E3%82%B9%E3%82%92%E3%81%94%E5%88%A9%E7%94%A8%E3%81%AE%E6%97%A5%E6%9C%AC%E5%B1%85%E4%BD%8F%E3%81%AE%E3%81%8A%E5%AE%A2%E6%A7%98%E3%81%B8%E3%81%AE%E3%81%94%E6%A1%88%E5%86%85>) that it will be “phasing out” its services to Japanese residents. The exchange had said that it was planning to gradually restrict transactions for the users 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](<https://t.co/dhTaJkD7WC>)

— CZ Binance (@cz_binance) [January 17, 2020](<https://twitter.com/cz_binance/status/1218025241789681664?ref_src=twsrc%5Etfw>)

Earlier this week, CoinDesk confirmed that Binance will be launching a [support center in South Korea](<https://tokenpost.com/Binance-plans-to-launch-support-center-in-South-Korea-after-a-local-startup-investment-4782>) through its subsidiary, Binance Co. Ltd.

Yesterday Korea, today Japan, tomorrow burn.

If you still call this work, then my fun times are less fun than work. [https://t.co/ToClijHxAg](<https://t.co/ToClijHxAg>)

— CZ Binance (@cz_binance) [January 17, 2020](<https://twitter.com/cz_binance/status/1218077366125121536?ref_src=twsrc%5Etfw>)

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## Links in this article

- [press release](https://www.binance.com/en/blog/421499824684900362/Z-Corporation-a-subsidiary-of-Yahoo-Japan-and-TaoTao-begin-negotiations-with-Binance-for-strategic-partnerships-in-the-Japanese-market-)
- [Binance’s recent statement](https://binance.zendesk.com/hc/ja/articles/360038835091-%E3%83%90%E3%82%A4%E3%83%8A%E3%83%B3%E3%82%B9%E3%82%92%E3%81%94%E5%88%A9%E7%94%A8%E3%81%AE%E6%97%A5%E6%9C%AC%E5%B1%85%E4%BD%8F%E3%81%AE%E3%81%8A%E5%AE%A2%E6%A7%98%E3%81%B8%E3%81%AE%E3%81%94%E6%A1%88%E5%86%85)
- [https://t.co/dhTaJkD7WC](https://t.co/dhTaJkD7WC)
- [January 17, 2020](https://twitter.com/cz_binance/status/1218025241789681664?ref_src=twsrc%5Etfw)
- [support center in South Korea](https://tokenpost.com/Binance-plans-to-launch-support-center-in-South-Korea-after-a-local-startup-investment-4782)
- [https://t.co/ToClijHxAg](https://t.co/ToClijHxAg)
- [January 17, 2020](https://twitter.com/cz_binance/status/1218077366125121536?ref_src=twsrc%5Etfw)
- [Donate](http://imtranslator.net/extensions/?tp=chr-ImTranslator&a=0)
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