Title: Binance CEO Shares Plans To Re-enter Into the Korean Market

Jun 17, 2022 04:00AM ET

By: AanlysisWatch

The Binance CEO shared his plans to re-enter the Korean crypto market.

The CEO still remains optimistic about the future of Web 3.0 technologies, such as NFP, blockchain, and metaverse.

BNB and BUSD are the fifth and sixth largest crypto exchanges by market capitalization, respectively.

Changpeng Zhao, CEO of Binance, the world's largest cryptocurrency exchange by daily trading volume, announced his plan to re-enter the Korean market.

Zhao, known in the cryptocurrency world as CZ, met with the Mail Economics Daily at the site of VivaTech 2022 in France on the 16th to discuss his plans for the platform to re-enter the Korean market.

The CEO concluded the interview by expressing his optimism for Web3.0 technologies such as blockchain, NFP, and metaverse. He stated that the bubble is bursting, but in the end, the technology remains.

Like the internet, in 10–15 years, NFT and blockchain will fully enter our lives and we won't be using the terms ourselves

On a related note, both Binance USD and Binance Coin are among the top 10 largest cryptos by market cap, according to CoinMarketCap.

BNB is ranked 5th on the list with a market capitalization of $35.48 billion, while BDL is ranked just below it in 6th place with a market capitalization of $17.56 billion.