Binance acquires 100% of Indonesian Tokocrypto after initial investment in 2020

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Binance tightens its hold on Indonesia.

in a tweet by Binance CEO Changpeng Zhao , who characterized the deal as having “just injected more cash and increased our shareholding a bit.” Changes are expected at the exchange.

Tokocrypto founder Pang Xue Kai will reportedly step down as CEO, to be replaced by Yudhono Rawis as interim chief. Pang Xue Kai will remain on the company’s board of commissioners."This decision was made after careful consideration and we decided that the best step for Tokocrypto going forward is to leverage Binance's capabilities to build a further physical trading platform for crypto assets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Binance has acquired Tokocrypto according to local reports on Dec. 19. The purchase was confirmed by cz_binance, who characterized the deal as having “just injected more cash and increased our shareholding a bit.” Changes are expected at the exchange.

Well..I think I will keep buying LEO tokens

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Binance Finalizes Acquisition of Indonesian Crypto Trading Firm Tokocrypto.binance has finalized its acquisition of Indonesian crypto trading firm Tokocrypto, reported by coindesk_id. binance Tokocrypto coindesk_id PRHacks binance Tokocrypto coindesk_id is this news true cz_binance 🤔 binance Tokocrypto coindesk_id plain wheel
Source: CoinDesk - 🏆 291. / 63 Read more »