Bitcoin
$ 58,453
Ethereum
$ 2,077.1
Litecoin
$ 226.22
okex ads

Binance Enters South Korea, Gets Approval for OkCoin

The growth in the cryptocurrency industry has been made possible by the presence of crypto exchanges, and in that regard, Binance has been one of the most influential. In a new development that should come as a major boost to the crypto sphere, the crypto exchange announced that it is all set to launch its operations in South Korea.

Binance acquired the Fintech company BxB Inc and is now going to turn it into a global exchange for South Korean customers by way of a cloud platform. This is a significant development for the company as well as for the crypto trading community in South Korea.

The exchange will be crypto to crypto in nature and will provide South Korean customers with the functionalities of Binance that have made it one of the most popular crypto exchanges in the world. The announcement was made by the Chief Executive Officer of the exchange, Changpeng Zhao, through a tweet. He said, “Hello South Korea.” Fiat deposits are going to be restricted at this point, but customers can use a stablecoin developed on Binance Chain to start their trading activities.

 

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Major Norwegian Oil Company to Fund Bitcoin and Blockchain Technology Projects
April 9, 2021By
Centbee joins South African watchdog’s regulatory sandbox
April 9, 2021By
Moderna and IBM to Jointly Explore Blockchain Technology for Vaccine Traceability
April 9, 2021By

Advertisement

Video Posts

In
Tech Adoption For Small Business
April 6, 20210
In
OKEx Nigeria Exclusive Summit 2021
April 6, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin58,453 0.14 % 1.64 % 0.59 %
Ethereum2,077.1 0.09 % 2.02 % 5.41 %
Binance Coin444.38 0.60 % 8.06 % 32.32 %
Tether1.000 0.02 % 0.09 % 0.01 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.210 0.26 % 0.03 % 2.53 %
XRP1.010 0.44 % 4.74 % 76.42 %
Uniswap30.12 0.19 % 1.59 % 4.92 %
Litecoin226.22 0.18 % 1.04 % 11.58 %
Chainlink32.08 0.53 % 0.12 % 6.52 %