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.

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.

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