Leading cryptocurrency exchange desk Binance has received a backing from Singapore’s government-owned holding company Temasek Holdings. Vertex Ventures, Temasek’s venture capital arm, has made an investment in Binance to help develop a cryptocurrency-to-fiat exchange desk in Singapore, the company announced today. The exact amount of investment hasn’t been disclosed. According to Bloomberg., the funding — which is a joint venture between Vertex’s China and Southeast Asia & India branches — will also support cryptocurrency-to-fiat gateways by other companies. Binance’s plan to open a fiat exchange desk in Singapore were made public last month when the company’s CEO Changpeng Zhao announced the beta testing…
This story continues at The Next Web
from The Next Web https://ift.tt/2SbAGr1
No comments:
Post a Comment