World’s Largest Cryptocurrency Exchange Entering S. Korean Market
Binance, the world's largest cryptocurrency exchange, is about to enter South Korea. Launched in July last year, Binance is currently the largest one of its kind in terms of trading volume and it is planning to establish three to five local corporations within this year. Binance CEO Changpeng Zhao attended the Blockchain Partners Summit in Seoul on July 21 to 22. During his keynote speech, he stressed the importance of the South Korean market, saying that his company would enrich its community in the market. Earlier, Binance added a Korean language service to its cryptocurrency exchange and official website and hired Koreans as a local marketing director and a Binance Labdirector, which is a social impact fund. The former, Jeon Ah-rim, previously worked for Chain Partners, one of the first blockchain company builders in South Korea. The latter, Choi Hyung-won, built a career at Bain & Company and Oliver Wyman.