{"id":13853,"date":"2022-09-03T10:23:28","date_gmt":"2022-09-03T10:23:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/south-koreas-2nd-largest-city-busan-partners-with-ftx-for-a-local-exchange\/"},"modified":"2022-09-03T10:23:28","modified_gmt":"2022-09-03T10:23:28","slug":"south-koreas-2nd-largest-city-busan-partners-with-ftx-for-a-local-exchange","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/south-koreas-2nd-largest-city-busan-partners-with-ftx-for-a-local-exchange\/","title":{"rendered":"South Korea\u2019s 2nd largest city Busan partners with FTX for a local exchange"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<p>Busan city, the second-largest city in South Korea which is commonly referred to as South Korea\u2019s \u2018Blockchain\u2019 city, has partnered with the leading cryptocurrency exchange FTX to build a local crypto exchange. In addition, the partnership is also aimed at fostering blockchain development in the city.<\/p>\n<p>According to the agreement according to a <a href=\"https:\/\/www.busan.go.kr\/nbtnewsBU\/1538586?curPage=2&amp;srchBeginDt=2022-08-24&amp;srchEndDt=2022-08-31&amp;srchKey=&amp;srchText=\">statement issued by the Busan Metropolitan City<\/a> on August 30, FTX will assist in creating a local crypto exchange duped by Busan Digital Asset Exchange. The Bahamian-based crypto exchange led by Sam Bankman-Fried shall also support Busan city in fostering the growth of the local blockchain industry.<\/p>\n<h2>Busan City\u2019s crypto exchange<\/h2>\n<p>Busan City will leverage FTX\u2019s technology and infrastructure to build its own cryptocurrency exchange and promote blockchain-specific education in local universities and projects within the city\u2019s \u2018Blockchain Special Free Zone\u2019 established in 2019.<\/p>\n<p>FTX, through its Investment Division CEO, Amy Woo, said that it will establish a Korean FTX branch in Busan City in the next 12 months to help make Busan a digital financial hub in Asia.<\/p>\n<p>Besides signing an agreement with FTX, Busan also partnered with Binance, the largest crypto exchange by trading volume, on August 26. Binance entered into a memorandum of understanding to provide infrastructure and technological support to the city for its blockchain development effort.<\/p>\n<p>Both FTX and Binance are therefore set to establish a presence in South Korea over the coming 12 months.<\/p>\n<p>From the time Busan was designated as South Korea\u2019s Blockchain city in 2019, several projects have already been rolled out. These projects include a propriety blockchain-based ID system, a blockchain-powered driver\u2019s license platform, and cryptocurrency support for various services.<\/p>\n<\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/south-koreas-2nd-largest-city-busan-partners-with-ftx-for-a-local-exchange\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Busan city, the second-largest city in South Korea which is commonly referred to as South Korea\u2019s \u2018Blockchain\u2019 city, has partnered with the leading cryptocurrency exchange FTX to build a local crypto exchange. In addition, the partnership is also aimed at fostering blockchain development [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":13854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13853"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13853"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13854"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}