Breaking: Binance Suspends Korean Won Trading Pairs and Payment Options

Breaking: Binance Suspends Korean Won Trading Pairs and Payment Options

Binance, the world’s largest crypto exchange by trading volume announced the discontinuation of Korean Won trading pairs and payment options. The exchange would cut down its services for the Korean customers including suspension of P2P merchant application and Korean Language support. The exchange has discontinued four services immediateely.

  • KRW trading pairs
  • KRW payment options
  • P2P merchant applications
  • Korean language support
  • The decision comes as a part of the company’s initiative to mend its ways with regulators. However, it is important to note that South Korea is not among the dozen nations that have issued warning against the crypto exchange. The exchange in its official press release said,

    “Our aim is to create a sustainable ecosystem around blockchain technology and digital assets. Binance welcomes developments to our industry’s regulatory framework as they pose opportunities for the market players to have greater collaboration with the regulators. We are committed to working constructively in policy-making that seeks to benefit every user.”

    This story is being updated

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