Binance Japan has added PayPay Money as a new option for deposits and withdrawals. The feature allows users to move funds between PayPay and their Binance Japan accounts directly. PayPay is operated by SoftBank Group, which owns a major stake in the crypto exchange’s Japan unit.
With this integration, users can now buy and sell crypto assets using PayPay Money, an e-money service used widely across Japan. This marks Binance Japan’s first expansion beyond bank transfers in yen.
Instant Transfers with Low Fees
The new service allows both deposits and withdrawals starting at 1,000 yen (about $6.50). Users can make transfers at any time of the day. Binance Japan has confirmed that identity verification is required on both platforms before use.
Deposits are free of charge, while withdrawals cost a flat 110 yen (around $0.60). Users can move up to 1 million yen per day and 2 million yen per month. The same limits apply to both deposit and withdrawal activity.
PayPay has stated that withdrawals won’t go through if users exceed their PayPay Money balance cap. The system will block transactions in such cases.
SoftBank Expands Crypto Reach
SoftBank continues to explore new opportunities in the digital asset space. The company has backed several ventures in the sector, including Twenty One Capital. As of November 2025, Twenty One Capital holds about 43,500 Bitcoin, worth roughly $3.7 billion.
SoftBank has supported the growth of PayPay, now one of the most widely used digital payment apps in Japan. The recent crypto feature strengthens its role in financial technology and brings more utility to users on both platforms.
IPO Plans and Market Focus
SoftBank is preparing for a U.S. listing of PayPay. Reports suggest the IPO could take place in December, with a projected value of around 3 trillion yen, or $20 billion. Market analysts have been tracking the listing process closely.
One investor familiar with the matter said, “It’s not yet clear how the IPO will play out, but many are watching it as a key tech event this year.” The public debut may give PayPay the funding it needs to grow beyond Japan and explore global markets.
This development comes at a time when fintech platforms are adding more crypto services to meet rising demand. The new Binance Japan–PayPay feature may serve as a model for other partnerships in the region.
