March 31, 2020 Binance prepares to launch South Korean exchange and is in talks to acquire Coinmarketcap in a $400 million deal.

The cryptoasset exchange, Binance will launch a new cryptoasset-to-cryptoasset exchange in South Korea on April 2. The new venue, named Binance KR, will open for deposits on April 2 with trading going live on April 4. Separately, Binance is also reportedly in final negotiations to acquire the cryptoasset analytics website, Coinmarketcap in a deal that could reach $400 million. The deal is expected to be finalized and announced this week and will represent one of the largest acquisitions in the cryptoasset industry to-date.