Home / Crypto News / Binance (Binance) receives investment from Singapore state-run venture capital Vertex

Binance (Binance) receives investment from Singapore state-run venture capital Vertex

biannce Binance (Binance) receives investment from Singapore state-run venture capital Vertex - binance 696x479

Singapore’s venture capital Vertex announced that Venture Holdings has invested in the world’s largest cryptocurrency exchange Binance.

Vertex Venture Holdings is a subsidiary of Temasek Holdings (Temasek Holdings), an investment company owned by the Government of Singapore, and is an international venture capital with offices in China, Israel and Silicon Valley.

This investment is a joint investment with Vertex China and Vertex Southeast Asia and India to support the establishment of a cryptocurrency exchange in Singapore and Southeast Nasia region.

Wei Zhou of Binance CFO said about the plan to enter the Southeast Asian market as follows.


Binance’s business in Singapore complies with KYC (Know-Your-Customer) and AML (Anti-Money Laundering) .
We are building a block chain ecosystem and looking forward to being able to support FinTech in Singapore.

Last month, Mr. Changpeng Zhao of Binance CEO revealed that Binance Singapore capable of trading in a legal currency is planned to be launched within a few months, and was conducting closed tests in legal currency transactions in Singapore.

Binance announces tests in legal currency trading in Singapore

Article Source: Binance Scores Funding From Venture Arm of Singapore’s Sovereign Fund

Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/vertex-Binance/

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