Binance May Open Office in South Korea

Local media pointed to the fact that earlier Binance had added Korean language support and hired two representatives of the local crypto industry
24 July 2018   1165

After the CEO of Binance Changpeng Jao ​​pointed out the special importance of the South Korean crypto-currency market, local media suggested that the branch office would be opened in the future. According to Business Korea, Binance is already looking for managers for the new division.

Local media pointed to the fact that earlier Binance had added Korean language support and hired two representatives of the local crypto industry to the position of local marketing director and head of the Binance Labs fund.

It is worth noting that the interest of a major site to South Korean jurisdiction is explained by the willingness of local legislators not only to consider a number of regulatory and legal acts to regulate the crypto-currency sector, but also to remove last year's ban on ICO.

Binance plans to open from 3 to 5 local branches in 2018. So, less than a month ago, the company announced the launch of a new trading platform in Uganda with support for fiatic trades.

Binance DEX to List 5 TrustToken Stablecoins

Binance DEX listed TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, tied to appropriate fiat currencies
08 August 2019   276

Non-custodian exchange Binance DEX in the near future conducted a listing of five new stablecoin issuer TrustToken, The Block reports.

As TrustToken said, Binance DEX added TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, exchange rates related to the US dollar, Australian dollar, Canadian dollar and Hong Kong dollar, respectively.

All five assets will be released on the blockchain. Until this moment, TrustToken stablecoins were available only in the format of ERC20 tokens on the Ethereum blockchain.

Binance DEX has new opportunities for making financial contributions. TrueUSD trading on Binance DEX should start on August 8th. Listing suggestions for other TrustToken stablecoins will be issued in the coming weeks.

TrustToken plans to launch its new or two additional blockchains before the end of the year and the new TrueSGD, the rate of which will be tied to the Singapore dollar, “soon”.