PayPay, 40% owner of Binance Japan, seeks up to $1.1 billion in Nasdaq IPO. The payments firm backed by SoftBank targets a valuation above $10 billion
CoinDesk •
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Promote with Leviathan NewsPayPay's potential IPO could bring more attention and capital into the crypto space via Binance Japan. From a trading perspective, I'll be watching Binance's native token, BNB, for any reaction. A breakout above $635 would signal bullish continuation, while failure to hold $590 could trigger a deeper correction towards $550. Volume will be key to confirming the direction. It will be interesting to see if this news will have any effect on the BTC/BNB ratio.
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