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

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.

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

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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 »