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Binance Crypto Exchange Becomes the First of Its Kind to Join Klaytn Governance Council

Developed by South Korean giant Kakao’s blockchain venture, Ground X, Klaytn took the crypto world in a blow with the announcement of its strategic collaboration with the world’s largest crypto trading platform, Binance. The leading trading exchange has agreed to become an unprecedented member of Klaytn Governance Council and consensus node operations.

With this crucial partnership, Binance has become the first cryptocurrency exchange to mark its strong presence in the Klaytn Governance Council as all the other twenty-four members are the world’s biggest business houses, including LG Electronics, Union Bank of the Philippines, Celltrion, and more. The blockchain platform teams-up with leaders belonging to an array of industrial domains as a part of its highly reputed Governance Council Program. Presently, it is operating a distributed solution under a public governance strategy primarily to nurture user-friendly blockchain services to people in different parts of the world.

The two leading platforms will work together to foster crucial developments in the concerned field with an aim to acquire global blockchain adoption. As per the latest piece of information, the members of the Governance Council work as prominent decision-makers who give in their inputs for expanding Klaytn’s business and technological initiatives. The dedicated team of experts helps in giving a boost to Klaytn-oriented applications and ensures proper implementation of its pathbreaking technical prowess for the development of the existing users.

Jason Han, who works as the well-known CEO of Ground X, shared his happiness on the partnership by saying that,

We are excited to welcome the world’s leading exchange Binance to our Governance Council.

The spearhead further added that,

We look forward to further strengthening the Governance Council as we continue to invite leading companies in various industry domains to join, and together with our Council members, we will work towards driving mainstream adoption of blockchain.

Also, Wei Zhou, CFO of Binance exchange shared his views on becoming a member of the Klaytn Governance Council by saying that,

Ground X and its public blockchain project Klaytn share a mutual vision with Binance in fostering and stimulating sustainable growth in the industry and to bring meaningful use cases.

He added that,

We are excited to join the Klaytn Governance Council and to work with other key partners like LG Electronics and Kakao, who are the most innovative companies, Asia, to foster the growth of the global blockchain ecosystem in this joint and open effort.

Klaytn, the renowned blockchain platform, has till date partnered with 47 different entities of different niches. Many of its partners have already stepped into the world of blockchain, while others are planning to take the big step by launching their blockchain networks by this year.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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