Japan’s crypto landscape took a significant leap forward this week as SoftBank-backed PayPay and Binance Japan officially launched their new integration, allowing users to buy and withdraw crypto directly using PayPay Money. The rollout comes shortly after PayPay acquired a 40% stake in Binance Japan in October 2025, an investment now translating into one of the most consumer-friendly fiat on-ramps in the country.
A Seamless Bridge Between Yen and Crypto
The integration introduces a smoother way for millions of Japanese users to move between traditional money and digital assets. Binance Japan customers can now purchase crypto instantly using their PayPay Money balance and withdraw proceeds back to PayPay with minimal friction. Deposits are free, while withdrawals carry a small 110-yen fee.
🇯🇵 NEW: SoftBank-backed PayPay is integrating with Binance Japan, letting users buy and withdraw crypto using PayPay Money. pic.twitter.com/w1BRr2hH8l
— Cointelegraph (@Cointelegraph) November 21, 2025
The system supports 24/7 transactions, with a minimum trade size of 1,000 yen, a daily limit of 1 million yen, and a monthly cap of 2 million yen.
Massive Reach Through PayPay’s 70 Million Users
PayPay, one of Japan’s largest mobile payment apps, brings its enormous user base into the equation. By integrating crypto services into an app already used in supermarkets, taxis, and retail chains across Japan, Binance gains access to a mainstream audience that few exchanges could reach alone.
Backed by Regulators and Aiming for Web3 Expansion
Crucially, the partnership received full approval from the Financial Services Agency (FSA), a signal of Japan’s growing openness to regulated digital-asset innovation. Both companies confirmed that this is only Phase 1. Upcoming features will include:
- •Crypto payments inside PayPay
- •Stablecoin support
- •Cross-border remittances
- •DeFi and NFT integrations
A Strategic Move for Japan’s Web3 Push
The collaboration positions Japan as one of the most user-friendly crypto markets in the world. By merging Binance’s trading infrastructure with PayPay’s dominance in everyday payments, the partnership could accelerate Web3 adoption across the country, and reshape how digital assets fit into the daily financial lives of millions.