The world’s largest crypto exchange Binance’s expansion into South Korea is largely awaited by the community. While the expansion is yet not clear, BINANCE has signed an MOU with the South Korean city of Busan to push blockchain adoption. The crypto exchange firm will support the development of Busan’s blockchain ecosystem and promote the Busan Digital Asset Exchange.
Binance Signs Blockchain MOU with South Korea’s Busan City
Binance CEO “CZ” in a tweet on August 26 said he met with Busan Mayor Park Heong-joon to sign an MOU to support the development of Busan’s blockchain ecosystem and promote the Busan Digital Asset Exchange.
“We are happy to be working with the City of Busan to bring tangible blockchain-related developments that benefit and support the city’s innovation efforts. We look forward to our close cooperation with the city to support the establishment of digital asset exchanges and various blockchain industries.”
In fact, Binance’s mission is to lead the next wave of crypto and blockchain adoption. This is why CEO “CZ” is visiting several countries to grow its presence through expansion and partnerships. Binance is reportedly looking to expand into South Korea to boost its business and crypto adoption.
The crypto exchange will provide technological and infrastructure support to the city of Busan to further boost blockchain adoption. Also, both Binance and Busan will share their order books as part of the agreement.