Binance to Launch Korean Support Center After Investing in BxB Crypto Exchange

2020-1-15 22:20

Crypto exchange giant Binance has made an investment in a South Korea-based startup and is preparing to launch a support center in the country.

As reported by CoinDesk Korea, the exchange has taken a stake of 500 million won ($432,000) in BxB, the fintech firm that launched the Korean won (KRW) back in 2019. Aside from the investment, an agreement was signed that BxB is going to support Binance to operate a brand-new support center for its South Korean Binance.com users.

The Investment Came Straight from Binance

Contrary to expectations, the investment wasn’t made through Binance Labs, which is Binance’s incubator arm. It came straight from the company, even if Binance Labs had previously made an investment in the South Korean firm Tera. This is what Binance’s CEO, Changpeng “CZ” Zhao, had to say about the new partnership:

“We are continuously working with local partners across regions to jointly realize our shared mission in furthering cryptocurrency adoption globally. This investment is another step forward in exploring avenues of growth in Korea, which is an industry-leading market strongly positioned to stimulate blockchain innovation throughout Asia.”

Binance Co. Ltd. Registered with Korean Authorities

Back in October last year, Binance publicly made an acknowledgment of its South Korean entity Binance Co. Ltd., which is registered with local authorities. This subsidiary is going to operate the support center together with BxB, not to mention Binance has even bigger and more plans for it. CZ said,

“Binance is currently developing a future plan for the Korean market with BxB. We are reviewing what kind of business Binance Co., Ltd. will carry out in Korea, in addition to operating the customer support center.”

KRW and BNB To Be Linked?

One of Binance Co. Ltd.’s representatives says it’s possible for the KRW stablecoin launched by BxB to link with the BNB token from Binance so that trading on the exchange’s platform to be made easier, seeing it doesn’t have a gateway for the Koran won yet. Binance and BxB collaborated in July last year too, when Binance set up another entity in South Korea.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

exchange launch binance won bxb crypto support

Источник: bitcoinexchangeguide.com

exchange launch → Результатов: 126


Фото:

Bakkt Is The Biggest Thing To Happen For BTC Institutional Adoption And Now The CEO Wants Us To Know More

August marked the launch of Bakkt, a new blockchain and cryptocurrency project that nurtures involvement from mainstream companies such as Microsoft and Starbucks. The essence of Bakkt is that it could inspire a great deal of institutional investment and could make things like Bitcoin ETF applications far more likely to be improved.

2018-8-21 15:00


Japan’s Forside Crypto Mining Expands, Fasteps Exchange Launch & Line Token Fund News

Japanese Companies Outline Cryptocurrency Plans Three public firms based in Japan have declared their plans regarding the trading of digital currencies. Notably, each of the three institutions (Forside, Farsteps and Line Corp) is either adding a new service to its portfolio or expanding its area of operation. The following is a detailed overview of the […]

2018-8-20 19:41


Фото:

The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks

Leading cryptocurrency exchange Binance has announced the launch of its new market intelligence app in beta. The mobile tracker is available for Android and iOS. Also in The Daily, an IT company offers a platform to build a crypto exchange in just two weeks, Shariah compliant trading platform promises to bring Muslim crypto enthusiasts into […] The post The Daily: Binance Tracker Available in Beta, New Crypto Exchange Ready in Two Weeks appeared first on Bitcoin News.

2018-8-20 14:09


Фото:

UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

The UK-based cryptocurrency futures exchange, Crypto Facilities, has announced the launch of the first Bitcoin Cash – Dollar (BCH/USD) futures. Crypto Facilities is regulated by the U. K. Financial Conduct Authority (FCA) and the new BCH futures products will join the firm’s other crypto-based contracts at 4 pm UK time on Friday, August 17th.

2018-8-17 18:30


Фото:

Binance To Launch FIAT To Crypto Exchange In Liechtenstein

Liechtenstein is one of the smallest countries in the world. With a population of 32,000 and an area covering just 62 square miles, Liechtenstein is a country with a lot of character. It’s also the world’s leading manufacturer of false teeth and now the new home of Binance LCX, a partnership between leading cryptocurrency exchange Binance and the Liechtenstein Cryptoassets Exchange (LCX), in a move that hopes to bring citizens in Liechtenstein the opportunity to access a local, but leading FIAT-Crypto exchange.

2018-8-17 13:30


Binance Reveals Pre-Alpha Demo of Decentralized Exchange & Binance Chain Amidst Listing Fee Criticism

Cryptocurrency exchange giant Binance has unveiled a pre-alpha demonstration of its own decentralized exchange in a move that foreshadows the future of the crypto trading ecosystem. First announced in May, the Binance Decentralized Exchange (DEX) is part of a greater project that will see the exchange platform launch a tailored blockchain, called “Binance Chain.

2018-8-11 10:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance, Coinbase come under scrutiny after latest CEX listing fee debate

Simon Dedic accused Binance of charging high listing fees Industry leaders have made similar claims against Coinbase in the past A recent revelation from Simon Dedic, CEO of Moonrock CapitalThe post Binance, Coinbase come under scrutiny after latest CEX listing fee debate appeared first on AMBCrypto.

BNB's 29th Burn - Examining the odds of altcoin rallying to a new high now

BNB's $1 billion burn can drive potential bullish momentum towards the $606 resistance  Higher volumes and Open interest revealed strong market interest and optimism The BNB Foundation receThe post BNB's 29th Burn - Examining the odds of altcoin rallying to a new high now appeared first on AMBCrypto.

Analyst - 'ETH isn't dying,' despite Bitcoin outpacing Ethereum

Bitcoin outperformed Ethereum in price gains and ETF inflows, underscoring BTC's market dominance. The market keenly monitored Ethereum's potential comeback amid Bitcoin's rally and traders' diThe post Analyst - 'ETH isn't dying,' despite Bitcoin outpacing Ethereum appeared first on AMBCrypto.

Can BNB break the $608 barrier? Whale accumulation, indicators suggest...

BNB is nearing the $608 resistance level, with potential upside toward $721 if momentum holds. Whale accumulation and rising open interest are fueling confidence in a potential breakout. BinThe post Can BNB break the $608 barrier? Whale accumulation, indicators suggest... appeared first on AMBCrypto.