Binance, raising funds to launch cryptophytes exchange in Singapore

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Venture capital Fund Vertex Ventures has announced a strategic investment in cryptocurrency exchange Binance.

Venture capital Fund Vertex Ventures has announced a strategic investment in cryptocurrency exchange Binance and will act as a partner for the upcoming launch of the exchange Binance Singapore. The investment is implemented jointly by the Vertex Ventures Vertex Ventures China and Southeast Asia.

“Recognized as an international financial centre, recently Singapore has started to play a significant role in the blockchain industry and is often regarded as the gateway to Southeast Asia. Southeast Asia is fast growing region with a population of over 650 million people and has significant potential in the development and implementation of blockchain technology,” said in a recent release Binance.

Investments received from Vertex Ventures, will allow Binance start cryptofaunal exchange in Singapore and other cryptophyte services in South-East Asia. We will remind that in September of SEO Chanpen Zhao has announced the launch of Binance cryptophytes exchange in Singapore by the end of this year. The Singapore exchange will operate in accordance with the procedures for KYC/AML and local regulations.

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