The Binance cryptocurrency exchange (based in China) has announced the start of cooperation with the Kyivstar mobile operator.
As noted in the joint release of the companies, distributed on Thursday, within the framework of this partnership, Kyivstar users interested in innovation, blockchain, investments and financial products will have access to a wide range of cryptocurrency opportunities.
All customers of the mobile operator in the My Kyivstar application will be able to receive a special bonus promo code, which can then be used when registering on Binance.
In the future, Binance and Kyivstar plan to work together to improve crypto literacy in Ukraine, which will help lower the barriers to start using digital assets in everyday life.
As reported, in September, the WOG filling station network became a partner of the Binance blockchain ecosystem and launched the possibility of paying for fuel with cryptocurrency using Binance Pay.
In May, the Foxtrot network became a partner of the Binance blockchain system and launched the ability to pay for goods in the online store and retail outlets of the network using Binance Pay.
Earlier, Binance planned to launch a payment card in Ukraine with a balance in cryptocurrencies and automatic conversion upon payment.
Binance is the world’s leading blockchain system and cryptocurrency infrastructure provider with a range of financial products including the largest digital asset trading exchange by volume.
South Korean Samsung Electronics may launch its own cryptocurrency exchange next year, according to Market Watch, citing local media.
Samsung is one of seven South Korean companies that have recently submitted applications to regulators for licenses needed to create a cryptocurrency exchange. Other companies include Mirae Asset Securities Co., one of the nation’s largest stock market brokers.
According to South Korean media, Samsung expects to create a new exchange in the first half of 2023.
This is not Samsung’s first move into the cryptocurrency market. Earlier this year, the company added a cryptocurrency wallet feature to its Galaxy smartphones.
The EXMO cryptocurrency exchange has sold part of its digital assets business in Russia, Belarus and Kazakhstan, the exchange said on Tuesday.
According to the exchange, EXMO announced the transfer of part of the business to Russian owners and the termination of work with the markets of Russia, Belarus and Kazakhstan, after Russia invaded the territory of Ukraine and started a full-scale war.
The company said that this was done in order to continue to fulfill obligations to customers and stakeholders, as well as to ensure a high level of protection and security.
“It’s been a tough decision for us, since we have spent over eight years building a strong community of crypto enthusiasts throughout the world, adhering to the highest compliance practices and delivering outstanding services to all our clients wherever they lived. However, following Russia’s invasion of Ukraine, EXMO.com as a global group wishes to avoid risking our global expansion plans by operating in such high risk markets,” CEO of the crypto exchange Serhiy Zhdanov said, commenting on the situation.
Kazakhstan clients were also included as a part of the deal, since a new team is based in Kazakhstan. The new owner of the Russian, Belarusian and Kazakh digital assets exchange business is the owner of a Russian based software development company, which was one of the vendors to provide engineering services to EXMO during the last three years.
EXMO.com user agreement was recently amended to state that Russian, Belarusian and Kazakh residents are no longer being onboarded. Russian Rubles pairs were disabled since April 15, 2022 on EXMO.com.
Earlier, the EXMO cryptocurrency exchange created the Save Ukraine Relief Fund to raise funds to help Ukrainian citizens affected by the war.
EXMO’s own contribution amounted to $1 million and has so far collected $594,000 through crypto contributions from exchange users.
EXMO is an international cryptocurrency exchange founded in 2014. The platform provides cryptocurrency trading and storage opportunities for more than 2 million traders from all over the world.
BUSINESS, CRYPTOCURRENCY EXCHANGE, DIGITAL ASSETS, EXMO, RUSSIA
