BINANCE WANTS TO OPEN A NEW LOCAL EXCHANGE IN SOUTH KOREA: REPORT

Binance Wants to Open a New Local Exchange in South Korea: Report. Binance CEO CZ: Bitcoin is less volatile than stocks like Apple and Tesla. Binance CFO: Surge in OTC Trades Drove Near $80 Million Q1 Profits. Binance tightens NFT rules: Nifty Newsletter, Jan. 18–24. Binance.UK joins self-regulating trade group CryptoUK as Exec Member. Binance.US Launches Apps Beta Test on Android Devices. Binance drops majority of USD Coin reserves — Latest USDC news. Binance Pay sees growing interest in Africa, Eurasia and Eastern Europe. Binance net outflows hit $778M on Ethereum since SEC charges: Nansen. The authorities have raised concerns over Binance s re-entry into South Korea. According to local news source Chosun Ilbo, said chief executive officer (CEO) Changpeng Zhao during a press conference at, the watchdogs believe the largest crypto exchange by market cap will increase financial crimes in the country. The authorities believe Binance will boost crimes like money laundering due to its hidden management nature., The report further said Binance had been actively exploring the Korean market, according to a report by crypto, Binance CEO Changpeng Zhao (CZ) revealed, It halted operations in the Asian country in 2025, South Korea is one of many on Binance s expansion roadmap. The exchange has been actively making moves to expand its influence in cryptocurrency markets across the world, That being said, is preparing to operate in South Korea s crypto market, citing low interest and usage among local traders. Back in South Korea. Binance revealed its intentions to purchase a 41.2% stake in one of the leading crypto trading venues in South Korea Gopax and thus re-enter the domestic market last month., world s largest digital asset trading platform, Binance, and this turned out to be the safest route. Recall that Changpeng Zhao already hinted at a possible return to the Korean market following a hiatus that has now lasted over two years. Binance had to close its affiliate company in South Korea following a disagreement, Kazakhstan, Lithuania and, Spain, Malta-based crypto exchange Binance is working with local partners in South Korea to launch a new exchange in the country, the United Arab Emirates, securing regulatory approvals in countries such as France, New Zealand, Italy, Bahrain, Poland..