Binance CEO Changpeng Zhao (CZ) has denied rumors that the world’s largest cryptocurrency exchange by trading volume is preparing to return to the Korean market.

Specifically, on June 17, there have appeared many sources of information confirmed that the CEO of Binance had announced that the exchange is setting an ambition to return to the Korean market at the VivaTech 2022 conference in Paris.

Of course, the community has absolutely reason to believe this rumor because this is the first time CZ mentioned the possibility of re-entering Korea since the company closed the branch of Binance Korea, a platform. Cryptocurrency trading platform for local users in January 2021.

After all, however, Mr. Changpeng Zhao was quick to correct that Binance was just looking at such a possibility without any concrete plans because Korea is practically no different from any other market, all the same.

His comments about the event were simply shared with one of the fans, who asked him to take a commemorative photo at the event. CZ clarified that Binance had a joint venture partner in 2019 in Korea, but because the partner did not meet professional expectations, Binance decided to close the operation.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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Binance

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VivaTech 2022

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

CZ Denies Rumors That Binance Is About To Return To The Korean Market

Binance CEO Changpeng Zhao (CZ) has denied rumors that the world’s largest cryptocurrency exchange by trading volume is preparing to return to the Korean market.

Specifically, on June 17, there have appeared many sources of information confirmed that the CEO of Binance had announced that the exchange is setting an ambition to return to the Korean market at the VivaTech 2022 conference in Paris.

According to Korean media, Binance founder CZ said on the 16th that Binance is considering re-entering the Korean market. Binance established Binance KR in July 2019, and then withdrew from South Korea in January 2021 due to regulatory policies. https://t.co/zqeQY4a634

— Wu Blockchain (@WuBlockchain) June 17, 2022

Of course, the community has absolutely reason to believe this rumor because this is the first time CZ mentioned the possibility of re-entering Korea since the company closed the branch of Binance Korea, a platform. Cryptocurrency trading platform for local users in January 2021.

After all, however, Mr. Changpeng Zhao was quick to correct that Binance was just looking at such a possibility without any concrete plans because Korea is practically no different from any other market, all the same.

https://twitter.com/cz_binance/status/1537705487659110401

His comments about the event were simply shared with one of the fans, who asked him to take a commemorative photo at the event. CZ clarified that Binance had a joint venture partner in 2019 in Korea, but because the partner did not meet professional expectations, Binance decided to close the operation.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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