Binance Activate Crypto Exchange Assisting KRW-Backed Stablecoin

Crypto exchange of Binance are ready to get into Korean market for the first time.

Malta-based exchanges will soon open Binance KR to trade by named The crypto-to-crypto exchange in conjuction of South Korean traders.

Binance Cloud will be give the best in market trading liquidity, powerful matching engine and advanced security, safeguard, and risk control.

The exchange also provide Binance KRW (BKRW), a stablecoin backed by South Korea Won (KRW). Consumer can trade in Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) trademarks. By endorsing stabilcoins, Binance KR will enable Korean traders to simply convert their fiat currency to BKRW.

KRW begin their deposit on April 2

The launch of Binance KR is right behind the crypto exchange that purchase by the fintech firm BxB, which is behind the world’s first KRW-backed stablecoin.

Jiho Kang, CEO of Binance Ltd., added: 

“We are committed to bringing a fully compliant world-class digital asset exchange to the Korean market via Binance Cloud and BKRW. We are honored to partner with Binance to work towards our mutual mission of increasing the freedom of money together.”

Covid-19 care measures are still being maintained in South Korea

some cities such as Seoul and Daegu prevent people from leaving South Korea, everyone flying to the country need to quarintine for two weeks.

Source: cointelegraph.com

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