Temasek’s devision invests in Bitcoin exchange Binance

Victoria SavchukOctober 24, 20180
Temasek-Binance

Vertex Ventures, a division of the Singapore Temasek Holdings Private Limited, has invested in crypto-platform Binance. The investments have been made in the framework of the large-scale launch of Binance Singapore and other platforms supporting fiat currency in the South-East of Asia.

Vertex Ventures China and Vertex Southeast Asia&India divisions are responsible for these investments. The exact amount of the deal is not yet disclosed.

The company representatives announced that Changpeng Zhao, one of the most renowned people in blockchain industry, wants to create a comprehensive ecosystem around this technology.

We want to mark that the owner of Temasek Holding is the government of Singapore.

Other important news from the Cryptocurrency world and Blockchain

We wrote earlier that Binance plans to invest $2.5 million in a payment startup TravelbyBit.

 

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Victoria Savchuk