After CEO of bitcoin exchange Binance, Chanpen Jiao noted the special significance of the cryptocurrency market in South Korea, local media speculated about the upcoming opening of the branch site in the country. According to Business Korea, Binance already looking for managers for a new division.

The publication also pointed to the fact that earlier Binance added support for Korean language and hired two representatives of the local kryptonyte on the post of local Director of marketing and Director of the Fund Binance Labs.

It should be noted that the interest of a large site to the South Korean jurisdiction due to the willingness of local legislators to consider not only the number of normative legal acts for regulation of the cryptocurrency industry, but to remove last year’s ban on ICO.

We will add that in General Binance for 2018 plans to open 3 to 5 local offices. So, less than a month ago the company announced the launch of a new trading platform in Uganda with the support of Fiat trading.

We will remind, earlier in July Binance has published the annual report according to which the 175th day of the exchange trading volume reached $10 billion.