Binance, the world's largest cryptocurrency exchange, plans to re-enter the Korean market. Binance, which previously stopped its operations in the country due to heavy regulatory pressures, wants to consolidate its presence in different markets. The statement by CEO CZ was made on June 16 at VivaTech 2022 in France.
Launched in July 2019, Binance KR stopped its services in 2021 due to major regulatory pressure. With a thriving financial ecosystem, Korea remains a desirable market for Binance.
Binance's Expansion Plans
Binance continues to work to solidify its presence in crypto markets in different countries.