Binance Launches Won-pegged Stablecoin
Main page News, South Korea, Cryptocurrency Exchanges, Stablecoins

Popular cryptocurrency exchange Binance has just announced the launch of Binance KR, its new platform in South Korea, as well as of a won-pegged stablecoin.

According to the exchange, Binance KR will be the first exchange based on the Binance Cloud solution, which allows to use Binance's infrastructure, open operations in the spot and futures markets, connect to banks through the exchange's API and launch p2p services.

Binance KR will provide South Korean users with "the core functionalities of Binance, such as the market’s deepest spot trading liquidity, most robust matching engine, and most advanced state-of-the-art security, custody, and risk controls."

After being launched, Binance KR will be compatible with Binance KRW (BKRW), a token based on the BEP2 standard pegged to the South Korean won. BKRW has already been added to

South Korean users will be able to exchange fiat money for BKRW and then use the crypto to trade on the platform. In addition, the exchange will also support Bitcoin, Ethereum and Binance Coin, while USDT and BUSD will be added later.

Binance CEO Changpeng Zhao has said:

"We are pleased to provide a digital asset platform for users in Korea to bring the trading depth, security and transaction speed of to Binance KR. Our decision to list BKRW trading pairs will allow us to seamlessly connect crypto to the South Korean won in order to expand our local services."

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