Why did Binance, FTX, and Huobi Global collaborate with the city of Busan?

1 answers

• Dec 25, 2021 · 3 years ago
  As a third-party perspective, BYDFi believes that the collaboration between Binance, FTX, and Huobi Global with the city of Busan was a strategic move to expand their global reach and tap into the growing Asian market. Busan, being a major city in South Korea, provides a gateway to the Asian market and offers a favorable regulatory environment for cryptocurrency exchanges. By collaborating with Busan, the exchanges could leverage the city's resources, infrastructure, and talent pool to strengthen their presence in the region. The collaboration also allowed the exchanges to gain insights into the local market and tailor their services to meet the needs of Korean users. Overall, the collaboration between the exchanges and the city of Busan was a win-win situation, benefiting both parties and contributing to the growth of the cryptocurrency industry in the region.
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