Binance Releases Weekly Report: CoinMarketCap Acquisition And South Korea Expansion | UseTheBitcoin
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Binance Releases Weekly Report: CoinMarketCap Acquisition and South Korea Expansion

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Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Binance continues with its expansion all over the world as a cryptocurrency exchange and as a recognized participant in the whole market. Last week, Binance acquired CoinMarketCap and has also launched its exchange in South Korea. In this way, Binance would be able to attract a larger number of users and became one of the most important players in the industry. 

Binance Releases Weekly Report

The cryptocurrency market is a competitive place for companies from all over the world. This is why the exchange purchased CoinMarketCap, one of the largest websites related to virtual currencies all over the world. 

According to the exchange, the deal will allow these two companies to work together in order to grow the crypto industry even further. CoinMarketCap has always been criticized for showing misleading data about exchanges and their volume. As Binance explains, this deal will allow CoinMarketCap to provide better and more accurate information about the entire crypto space. 

Binance has also launched the new Binance Korea platform that is the first one using the Binance Cloud solution. This would allow users to trade in the country using the popular exchange. Until June 30, the platform will have zero trading fees to attract a larger number of users. 

Binance is also now allowing traders to handle their large sums of money through the Binance OTC Trading Portal. This would allow large traders to get a quick settlement into their Binance accounts. Users can easily decide when to sell or purchase the funds and digital assets they decide. 

There were many other updates that the exchange announced during the last month. Indeed, the platform listed the Binance KRW stablecoin. This virtual currency is going to be available for trading against Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB). 

Furthermore, Binance has added two new digital currencies to flexible deposits, including Litecoin (LTC) and Tron (TRX). This would allow traders to easily earn interest in their funds as long as they keep them in the exchange. 

Cryptocurrency enthusiasts can also acquire cryptocurrencies in Brazil, Colombia, Czech Republic, Poland, the United Kingdom and many other countries by using Mastercard both debit and credit card. This is a great solution for many crypto enthusiasts that want to have access to the crypto market. By using a debit and credit card, purchasing digital assets is going to be easy and fast. 

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