{"id":19755,"date":"2019-07-16T17:41:36","date_gmt":"2019-07-16T17:41:36","guid":{"rendered":"http:\/\/ci027cfe6e200426c3"},"modified":"2019-07-16T17:41:36","modified_gmt":"2019-07-16T17:41:36","slug":"report-binance-discussing-subsidiary-south-korea","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/report-binance-discussing-subsidiary-south-korea","title":{"rendered":"Report: Binance Discussing Subsidiary in South Korea"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/binance-subsidiary-in-south-korea.jpg\" title=\"\"><\/figure>\n<p>Major cryptocurrency exchange Binance could launch a cryptocurrency exchange subsidiary in South Korea, <a href=\"https:\/\/blockinpress.com\/archives\/19917\" target=\"_blank\" rel=\"noopener\"><em>Block In Press<\/em><\/a> reports. So far, however, the exchange has remained tight-lipped.<\/p>\n<p>Binance CEO Changpeng Zhao (CZ) told the news outlet that there&#8217;s nothing concrete to announce at the moment but confirmed that the exchange was working with local partners.<\/p>\n<p>But an unnamed representative of the exchange was also quoted in the report, refuting the idea that the launch of a Korean branch was imminent, stating that Binance has &#8220;not decided whether or not to establish a Korean subsidiary.&#8221;<\/p>\n<p>&#8220;We have been discussing cooperation with BxB (a block-chain fintech company), but we have not made any specific decisions,\u201d the representative said, according to the report. \u201cWe have not decided whether or not to establish a Korean subsidiary.\u201d<\/p>\n<p>Earlier in July 2019, CZ hinted at a South Korean <a href=\"https:\/\/cointelegraph.com\/news\/huobi-expands-to-turkey-where-20-of-the-population-hold-crypto\" target=\"_blank\" rel=\"noopener\">expansion<\/a> at a conference in Seoul, where he said that Binance would contribute to the growth of the local community.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A local news outlet reported conflicting statements about Binance\u2019s plans for a South Korean cryptocurrency exchange subsidiary.<\/p>\n","protected":false},"author":3435,"featured_media":19756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[826,1862,382],"class_list":{"0":"post-19755","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-binance","9":"tag-changpeng-zhao","10":"tag-south-korea"},"author_data":{"id":3435,"name":"Jimmy Aki","nicename":"jimmy-aki","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/jimmy-aki-promo-image-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/binance-subsidiary-in-south-korea.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3435"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=19755"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/19756"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=19755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=19755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=19755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}