Giant cryptocurrency exchange, Binance may be opening a Korean Subsidiary soon, according to report.
According to the head of the global cryptographic exchange, who gave an inkling as to this new door of enhancement, Mr. Feng Xindeng Zhao,
“We do not know the details related to the establishment of the Korean branch,” Zhao told reporters at the block in press on the 16th, “We are working with local partners, but we do not know the details.”
However, the report was initially denied by a global representative of Binance huh made it clear that the report was untrue. In his words, “I do not plan to establish any office in Korea,” the representative said.
“We have been discussing cooperation with BxB (a blockchain FinTech company), but we have not made any specific decisions,” he said. “We have not decided whether or not to establish a Korean subsidiary.”
The subject of a new outlet has been a source of discussion around the exchange recently. ‘Binance LLC’ was registered as a co-representative of BXB’s Kang Ji-ho as a director of Binary LLC after finishing registration of establishment of domestic corporation.
However, nothing has been heard from the exchange’s CEO, Changpeng Zhao who happens to be a heavy twitter, reporting everything happening around the exchange through the social media platform. Also, no official announcements has been made to this effect.