Binance Officially Acquires Indonesian Crypto Trading Platform Tokocrypto

2022-12-19 18:50:23BlockBeats分享至:

BlockBeats news, on December 19, according to CoinDesk, the Indonesian encryption trading platform Tokocrypto has been officially acquired by Binance. Tokocrypto CEO Pang Xue Kai will step down and Yudhono Rawis will be named interim CEO. In addition, about 58% of Tokocrypto's employees have been laid off and will focus on the trading platform business in the future, and business activities outside the trading platform will be suspended. Binance entered the Indonesian market in 2020 and invested in Tokocrypto. Tokocrypto, a “compliant” Indonesian crypto trading platform, received its first license from the Indonesian regulator. BlockBeats previously reported that on December 6, Binance was negotiating to acquire Tokocrypto, an Indonesian cryptocurrency trading platform. Sources said that after the completion of the acquisition, Tokocrypto's current CEO Pang Xue Kai may step down, and Tokocrypto may lay off staff.

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印度尼西亚的数字资产交易平台。全部

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