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Binance has cooked up another means to expand further in Asia. The giant exchange is joining Klaytn Global Blockchain Council, a to-class Blockchain project led by the most dominant Internet Company in South Korea, Kakao.
According to a report, the creation of Klaytn was brainstormed by Kakao’s blockchain arm, Ground X, and had its mainnet launched in June 2019.
Klaytn has secured major partnership with a host of big organizations and businesses at all levels across different industries, being one of its major focuses. It has also succeeded in conjoining with the Korean government to perfectly dispense user-friendly blockchain services to millions locally.
Impact of Klaytn Blockchain Project on Binance
Binance is arguably the largest cryptocurrency exchange by trading volume. The recent collaboration will give Binance the enablement to take part in the operation of Klaytn Governance consensus node.
Going by the update, Binance Exchange is the first company in the blockchain industry to join Klaytn Governance Council. The Kakao’s Klaytn has already partnered LG electronics and a number of other leading enterprises.
This integration is also perceived by Klaytn as a means to jointly develop blockchain technology further and makeit ready for global adoption.
Binance CEO Reacts to the Integration
Binance CEO, Changpeng Zhao, popularly known as CZ has also reacted to joining hands with Klaytn Governance Council to enhance the global aims of blockchain technology.
In a recent tweet, CZ shared the interest of Binance in collaborating with individuals and companies at all levels to enhance the adoption of blockchain technology. He pointed out that a lot of such collaboration is underway.
He said, “Binance is here to help blockchain adoption for individuals as well as small and big companies. Enter big corporations! There are a lot of them in the pipeline. A new phase begins.”
Binance Adds New Trading Pairs to its Margin Trading Platform
Moments ago, Binance exchange hinted the addition of new trading pairs to its Margin Trading platform. As the report says, the newly added Margin Asset and Borrowable Asset is Basic Attention Token (BAT), while the new margin pairs are BAT/BTC and BAT/USDT.