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Binance is developing a new crypto exchange

Binance is developing a new crypto exchange in Indonesia with Telkom Indonesia’s $830 million venture capital arm

The largest crypto exchange, Binance is developing a new crypto exchange in Indonesia. The firm has formed a joint venture with a consortium led by Telkom Indonesia’s 830 million venture capital arm.

Binance is developing a new crypto exchange in Indonesia:

Binance, one of the largest crypto exchange and infrastructure providers, has been improving its services in many countries to be a legal firm worldwide. The firm announced on Wednesday that they have formed a joint venture in Indonesia to develop a new crypto exchange in Indonesia. Crypto platform has established a joint venture with a consortium led by Telkom Indonesia’s $830 million venture capital arm.

Binance is developing a new crypto exchange

Binance is developing a new crypto exchange to fulfill its promise of expanding the blockchain ecosystem around the globe. Binance has said that they will provide world-class asset management infrastructure and technology. The announcement detailed:

Binance will provide world-class asset management infrastructure and technology to support the development of the new exchange platform.

The CEO of Binance shared his excitement about this news and commented that our ambition is to grow the blockchain and crypto ecosystem globally. He further elaborated that Binance is developing a new crypto exchange in Indonesia which is a significant step in that direction. Zhao revealed last week, “We’re making a number of very substantial changes in organizational structures, product offerings, our internal processes, and the way we work with regulators.”

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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