Global Representative Says Binance Is Yet to Decide On Opening A New Subsidiary In Korea

Hey Ninjas! How’s trading going? The bears are ruling at the moment but I can assure you that the bulls will take over in no time.

I want you to know that Binance, since 2018 has been considered as the world’s largest cryptocurrency Exchange trading more than 100 cryptocurrencies. A lot of people around the world finds Binance to be the destination for crypto trading. This has made Binance think of having a foot in each country just as they have in Binance Uganda.

Founder and CEO of Binance Changpeng Zhao revealed to local reporters on the 16th of July that the establishment is working with local partners to open a branch office in South Korea. He further stated that the details of the new branch are still unknown.

However, the claims made by Zhao was denied firmly by an unnamed global representative of Binance, he said that the establishment of a new Korean subsidiary was “not true” and he does not plan to establish an office in Korea.

The representative stated that Binance has been in conversation with BlockChain FinTech company BxB but have made no specific decision. 

Do you see Binance taking over the world as the number one cryptocurrency exchange?

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