Cointime

Cointime

Download App
iOS & Android
Home / Financing

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.

BNB BNB $602.55
-0.89%
Binance
Comments

All Comments

Recommended for you

  • YieldNest, a liquidity re-staking protocol powered by EigenLayer, has raised $5.2 million

    On April 23, YieldNest, a liquidity re-collateralization protocol supported by EigenLayer, completed a $5.2 million financing round with participation from Faculty Group, BACKED, Loi Luu, Winthorpe, C2tP, Curve founder Michael Egorov, and others.

  • Shared security project Othentic completes $4 million seed round of financing, led by Breyer Capital and others

    Othentic, a project focused on the security of distributed system sharing, announced the completion of a $4 million seed round of financing on the X platform. Finality Capital Partners and Breyer Capital jointly led the investment, with participation from Coinbase Ventures, HashKey Capital, Collider Ventures, BanklessVC, Robot Ventures, Everstake, PUNK DAO, and others. It is reported that Othentic is committed to creating novel distributed computing services by providing self-deployed infrastructure to initiate systems with underlying shared security, including promoting innovative work on EigenLayer and Babylon. Its Othentic Stack allows AVS developers to self-deploy operator networks for custom computing services and run arbitrary computing tasks in a trusted execution environment.
  • cointelegraph ·

    Binance tax evasion trial moved to May 17 in Nigeria

    Gambaryan’s lawyer, Chukwuka Ikuazom, objected, citing Nigerian law, stating he couldn’t plead until Binance, the primary defendant, was served.
    Binance tax evasion trial moved to May 17 in Nigeria

  • TeleportDAO has raised $9 million through CoinList public sale and financing

    The Bitcoin cross-chain infrastructure TeleportDAO has raised $9 million through CoinList public sale and financing, with participation from OIG Capital, DefinanceX, Oak Grove Ventures, Candaq Ventures, TON, Across, bitSmiley, and others.

  • Bitcoin spot ETF has net outflow for five consecutive days, with total net asset value of US$53.063 billion

    According to SoSoValue data, the total net outflow of Bitcoin spot ETF was 4.3876 million US dollars on April 18th (US Eastern Time).

  • Blast DEX Thruster receives $7.5 million in seed round funding

    The decentralized trading protocol Thruster based on Blast raised $7.5 million in seed funding led by Pantera Capital, bringing Thruster's valuation to $70 million. Angel investors include Santiago Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha, and Axelar founder Georgios Vlachos also participated in this round of funding.

  • Aark Raises $6M Funding to Accelerate LRT Liquidity Integration for High Leverage Trading

    Aark, a perpetual DEX focused on leveraging LRT assets to bolster liquidity for perpetual traders, has announced the successful completion of its Seed Round funding. The round attracted investment from leading industry pioneers, including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest. With the new investment, Aark plans to grow its team to develop more scalable liquidity, targeting the substantial $10 billion TVL market and enabling unparalleled high-leverage trading of up to 1000x for long-tail assets. Aark's CEO, Eden, stated that the company aims to propel the on-chain derivatives industry to new heights and surpass centralized counterparts.

  • Hidden Road plans to raise $120 million at $1 billion valuation

    Cryptocurrency broker Hidden Road Partners is raising Series B equity financing, which will bring its valuation to around $1 billion, and this round of financing is expected to raise about $120 million. Founded by Marc Asch in 2018, this bulk broker has worked at hedge fund billionaire Steven Cohen's company SAC Capital and Point72 Asset Management. Hidden Road completed a $50 million financing round in 2022. Hidden Road provides primary brokerage services for a variety of markets, including foreign exchange, precious metals, and digital assets.

  • RWA protocol Centrifuge announces $15 million Series A funding

    RWA protocol Centrifuge announced the completion of a $15 million Series A financing round, led by ParaFi Capital and Greenfield, with participation from Circle Ventures, IOSG Ventures, Arrington Capital, Spartan Group, and Wintermute Ventures. Additionally, Centrifuge stated that it will establish a lending market called Centrifuge Pools on the Base network.

  • Suspected early Stepn investor deposited 22 million GMT to BInance, worth $6.7 million

    According to blockchain analyst @ai_9684xtpa, 12 hours ago, address 0x8b3...e62b0 deposited 22 million GMT tokens worth $6.7 million into Binance. The funds came from fixed token unlocks over the past two months. The address may belong to an early investor or contributor to Stepn and still holds 84.53 million GMT tokens worth $26.17 million.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company