Singapore will help with Binance’s operations

Several companies dedicated to investments in Singapore announced that they will financially support the installation of Binance’s offices in the region.

Months ago, the CEO of Binance had announced that the world’s largest exchange indicated that it would start operations in the Asian region.

The subsidiary of Ternasek Holdings will be in charge of investing in this project. For now it did not reveal how much it will have for the exchange.

Temasek Holdings is an investment company owned by the Government of Singapore. It manages an investment portfolio of about 185 billion dollars from Singapore.

Financing also comes from Vertex Ventures China and Vertex Ventures Southeast Asia & India, as assured in the official statement which establishes that the companies will also support the exchange of fiduciary currencies to cryptocurrencies throughout Southeast Asia.

K. Tovar

Source: Coincrispy

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