Binance Japan's Major Shareholder PayPay Surges Over 18% in Pre-market Trading, Currently Trading at $21.5

BlockBeats News, March 13th, according to Bitget data, SoftBank-backed Japan's largest cashless payment provider PayPay surged 18.39% in pre-market trading, currently trading at $21.5. PayPay officially landed on the Nasdaq yesterday, with a 13.5% gain on its first day of trading.

In October last year, PayPay acquired a 40% stake in Binance Japan and formed a capital and business alliance with Binance Japan, aiming to connect digital payments with cryptocurrency, allowing users to fund purchases and earn rewards through PayPay Money.