Binance Korea Is Shutting Down

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Just eight month after its release back in April 2020 BINANCE will shut down it's local Korean exchange binance.kr . In a notice published binance Korea said it's difficult to operate the local exchange because of low liquidity and scarce trading volumes.

Closing schedule is as follows:

  • Closure of registrations on 24th December.
  • Closure of trading services on 10th January 2021.
  • Hard shutdown on 29th January 2021.

After the hard shutdown accounts of binance KR users will be inaccessible. Binance users who have BKRW a token issued by binance KR will have the option to swap the BKRW into BUSD.

 

Source: 

https://www.binance.com/en/support/articles/bb6b093d902742f08eb92c75536e0da4

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