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 Enters Singapore With Funding From State-owned Investment Firm
Neer Varshney, The Next Web
Tue, 10/23/2018 - 3:30am
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