Binance invested in regulated bitcoin exchange from Indonesia

Binance has announced an investment in Tokocrypto, the leading regulated cryptocurrency platform in Indonesia.The amount of the transaction was not disclosed.

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Tokocrypto plans to forward the receivedfinancing for the expansion of services and product line, improvement of technologies, expansion within the country, as well as for the implementation of initiatives in the field of blockchain education in the region.

“Investing in Tokocrypto will allow us to open fornew promising prospects in the Indonesian market with a regulated partner. Indonesia will soon become one of the leading centers of the blockchain ecosystem in Southeast Asia. ”“Said Binance CEO Changpeng Zhao.

One of the first investors founded in 2018Bitcoin exchange became the crypto trading company QCP Capital. In 2019, Tokocrypto became the first cryptocurrency exchange regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI).

Recall earlier Binance for entering JapaneseThe market has begun negotiations on a strategic partnership with Z Corporation Inc., a division of Softbank holding and the Japanese licensed exchange TaoTao. Last November, Binance also acquired the WazirX Indian cryptocurrency exchange.