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   221

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.

BitForex to Become Trading Volume Leader

For a while, the indicator of the daily trading volume of the BitForex exchange was held at around $ 14 billion
02 August 2018   320

Due to the use of the so-called trans-fee mining model, little known crypto-exchange BitForex became the leader in terms of trading volume. This is reported by CryptoGlobe.

Coinmarketcap Trading Volume
Coinmarketcap Trading Volume

For a while, the indicator of the daily trading volume of the BitForex exchange was held at around $ 14 billion. To date, the value of this indicator has dropped to $ 5.3 billion. Nevertheless, it is more than five times higher than that of the popular Binance exchange.

Just yesterday, BitForex launched its BF token, which users of the trading platform can extract using the trans-fee model previously used on the CoinEx and FCoin exchanges.

The most popular trading pair on the BitForex exchange was BTC / USDT.

BitForex was launched in June this year. The site is based in Singapore, but Seychelles was chosen as the place of registration by the owners.

The company's website says that 80% of trade commissions are returned to holders of BF tokens. The latter will have the opportunity in the future to participate in solving key issues of the platform and its community. It is also indicated that the BF offer is limited to ten billion coins.