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Bitcoin trading shut downBinance Korea to shut down exchange due to low trading volume | Bitcoin Insider
The official announcement read,. Binance KR will terminate the local exchange operations due to low usage and volume with limited trading pairs of BKRW, resulting in limited liquidity for its users. The closing schedule is as follows:. All Rights Reserved. Search for:. Price Analysis. ICO Review. Submit ICO Review. Editor's Pick. Binance Korea shuts down within a year of opening owing to low trading volume.
The official announcement read, Binance KR will terminate the local exchange operations due to low usage and volume with limited trading pairs of BKRW, resulting in limited liquidity for its users.
Share on Facebook. Share on Twitter. Share on Linkedin. Share on Telegram. Author: Prashant Jha. Binance KR reporting shrinking liquidity for trading in Won-backed trading pairs is symptomatic of previous volume issues reported in the broader South Korean crypto market. Back in Aug. Stricter regulations have reportedly forced blockchain outfits to pursue token listings on overseas exchanges further exacerbating the trading volume problem in the country.
In , South Korean authorities finally legalized cryptocurrency trading while stipulating rigid compliance to real-name trading accounts. Article source. The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider.
Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision. Skip to main content. Binance Korea to shut down exchange due to low trading volume. Less than a year after its launch, Binance Korea is closing its doors amid shrinking liquidity.