Binance to launch Korean crypto exchange Binance KR on Binance Cloud

According to an official announcement, Binance is entering the Korean market through the upcoming cryptocurrency exchange Binance KR, the first global use case of Binance Cloud solution released by Binance last month. After the launch of Binance KR, it will support the Korean won stable coin Binance KRW (BKRW). Binance KR will support public trading of BTC, ETH, BNB and BKRW, and will soon support USDT and BUSD. In addition, South Korean users can also exchange Korean won for BKRW stablecoins and use them for transactions.