Binance, the world's largest cryptocurrency exchange by adjusted trading volume, has just announced it has joined the governing council of Klaytn, a public blockchain developed by South Korean Internet giant Ground X, a subsidiary of Kakao.
Kakao announced yesterday that Binance is the first blockchain company to join the project's governing council, which so far was made up of companies belonging to other industries, for example LG Electronics.
From now on, Binance will take part in the decision making about the future of the project as well as in the development of apps based on Klaytn.
The mainnet of Klaytn's blockchain was launched in June this year and aims to foster the adoption of blockchain tech in South Korea.
iHodl reported in August that Kakao plans to launch its own crypto wallet by the end of the year.
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