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   507

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 to List USDC on 17.11.18

First trading pairs for stablecoin will be Binance Coin and Bitcoin
15 November 2018   94

Binance will list USD Coin (USDC) stablecoin. This is reported by the company itself.

The “stable coin” from the Circle startup will be available on November 17 in pairs with Binance Coin (BNB) and Bitcoin.

Note that despite the very young age, the USDC is already on the 49th line of the CoinMarketCap rating. So far the most actively this token is traded on the Poloniex exchange, which since February is the property of Circle. However, with the addition of USDC, you can most likely expect an increase in the total trading volume of this coin, as well as further growth of its capitalization.

Binance management also announced the successful completion of maintenance on the platform.