It's a week with plenty of news from Binance cryptocurrency exchange, the leader and largest worldwide exchange in volume transactions, where sooner today a huge news informed that Binance is set to acquire the CoinMarketCap for a whopping $400 Million, which will be until now the major acquisition this year in the crypto field.

Now, a new one is coming out and Binance is set to launch a cryptocurrency exchange in South Korea next week, the Fifth local exchange after Singapore, Jersey, Uganda and US. The exchange will be dubbed Binance KR and accordingly with the Binance Blog, the registration and deposits would be on April 2 trading on April 4 while withdrawals will start on April 9. The Binance KR will support Binance KRW stablecoin, BTC, ETH, BNB and soon will be opened to more crypto assets such as Binance USD and Tether.

Binance with the launch of this local exchange is bringing more liquidity and more ways  to the South Korean crypto market to acquire Crypto with local fiat currencies and becoming an exchange that is securing and causing certain monopoly to the field! Now Binance is almost in the whole world, direct and indirectly facilitate the acquisition of assets in local cash. The news ces along with the acquisition of BxB the firm behind the Binance KRW stablecoin.

Well Binance is acquiring more companies than other exchange in the world that could be good for business competition but also turning the exchanges market a Binance centralized monopoly and this isn't good for the decentralized world, but what can be done?! Money is power!!

***free image from Pixabay.com with right for commercial purposes.