Binance in South Korea & Binance Cloud
Binance South Korea

Binance in South Korea & Binance Cloud

By CryptoGremlin | Binance Cloud | 19 Apr 2020


Binance KR is a crypto to crypto exchange for Korean users. It is the first digital asset exchange fully powered by Binance Cloud.
But what is Binance Cloud? It's the infrastructure for partners to launch exchanges by using Binance’s technology. CEO of Binance Changpeng Zhao (CZ) expects Binance Cloud exchanges to overtake Binance.com and contribute the majority of the trading volume within 5 years.
 
Some background: 
- Binance are partnered and invested in BxB, the company behind the first South Korean won (KRW) backed stablecoin ‘KRWb.’ 
- Binance KR  is supporting Binance KRW (BKRW), a BEP-2 stablecoin backed by South Korean Won (KRW). BKRW has been listed on Binance.com
 
Questions for YOU:
Will Binance KR be adopted in Korea? Are you Korean or know Koreans who might use Binance KR? Will the exchange a generate a high volume in Korea?
Will any of this impact the price of BNB? Maybe not immediately but Binance KR could well be one of many new exchanges around the world powered by Binance Cloud.... and the Crypto Gremlin will be watching closely! 

CryptoGremlin
CryptoGremlin

"The CryptoGremlin writes simple yet insightful commentary on the goings on in the crypto markets". Dalai Lama - Dec '17


Binance Cloud
Binance Cloud

Problems with Binance servers, some disgruntled customers and a sell off in the crypto markets isn't the ideal setting the before Binance Cloud news is released. I'll be taking a look to see how BNB's short-term price reacts to the news and, anticipating further utility for BNB, what it could mean for long-term BNB holders too.

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