avatar

Binance Acquires Indonesian Crypto Exchange Tokocrypto

Binance announced the acquisition of Indonesian crypto exchange Tokocrypto, CoinDesk reports.

Binance said that it will gradually increase its shareholding in Tokocrypto to almost 100%. Previously, Binance started investing in Tokocrypto in 2020. Tokocrypto is the first crypto exchange in Indonesia that is regulated by the country's regulation institution, BAPPEBTI.

Meanwhile, around 58% of Tokocrypto's employees were laid off. It will focus on business unit exchanges in the future.

Source

Binance

Exchanges

In This Article

Related News
Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation
Binance South Africa to require information on senders and recipients for local compliance Binance South Africa to require information on senders and recipients for local compliance
Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group
Binance tax evasion trial in Nigeria adjourned until April 30 on 'substituted service' argument Binance tax evasion trial in Nigeria adjourned until April 30 on 'substituted service' argument
MEXC Extends DEX+ Platform to Binance Smart Chain Users MEXC Extends DEX+ Platform to Binance Smart Chain Users
Latest News More More
2 Hours Ago Daily Market Wrap | Aug. 12
1 Day Ago Daily Market Wrap | Aug. 11
4 Days Ago Daily Market Wrap | Aug. 08
5 Days Ago Daily Market Wrap | Aug. 07
6 Days Ago Daily Market Wrap | Aug. 06

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open