Crypto Exchange Binance to Help S. Korean City of Busan Develop Its Blockchain Industry

Binance, the biggest cryptocurrency exchange by trading volume, signed a Memorandum of Understanding (MoU) with Busan, South Korea, to help the city develop its blockchain ecosystem and promote the Busan Digital Asset Exchange, Binance said Friday.

• The MoU includes several services and technological help.
• Binance will provide Busan with technological and infrastructure support for the development of the city's blockchain ecosystem, promotion of the Busan Digital Asset Exchange and order book sharing.
• Binance will use Busan's blockchain regulatory-free zone to promote blockchain initiatives and businesses, and provide specialized blockchain education and online resources from Binance Academy.
• Binance said that it will establish a presence in Busan by the end of the year.

Read more: Busan to Build Its Own Digital Asset Exchange