Korean crypto exchange Bithumb has listed the Binance token (BNB). The marketplace representatives announced this in their official blog.
The official reason for this decision is still unclear, although many users cite talks circulating earlier in Korea that Binance intends to take over Bithumb. Among potentially interested companies wishing to acquire the exchange, JPMorgan, Huobi, Nexon, Morgan Stanley, and even the Visa payment system were also mentioned.
Rumors have become rampant following the indictment of ex-Bithum chairman Lee Jong Hoon. Subsequently, he was summoned for questioning on suspicion of large-scale fraud in the equivalent of BXA tokens worth about $25 million and tax evasion. The exchange was quick to clarify that it does not cooperate with Lee Jong Hoon.
Apparently, the representatives of the marketplace were not interested in additional attention from the authorities. Because they hoped to get the approval of the South Korean regulator, and not come into conflict over the starting lawsuit against one of the shareholders of Bithumb.
Deposits in BNB have opened on the Bithumb just over an hour ago at 5:00 p.m. KST, and the listing of the BNB took place in Korea in the afternoon. Currently, the coin is traded on Bithumb at the rate of 447,000 KRW per token, which is equivalent to $400.
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