One of the largest cryptocurrency exchanges in the world, Binance, has recently announced its intention of opening a local crypto exchange in South Korea.
Binance is currently headquartered in Malta and has been expanding to different jurisdiction as part of expansion strategy to grow their business.
However representative from Binance denied the news stating that the company has not decided whether or not to establish a Korean subsidiary and only has been in talks with South Korea-based fintech firm BxB for an undisclosed business deal.
This development highlights the importance of the South Korean market which is one of the most active in the whole of cryptocurrency space and with regulations continues to improve in support of blockchain technology and digital assets
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