Binance receives strategic funding from the venture arm of Singapore's sovereign fund

Exchanges • October 22, 2018, 10:16PM EDT
The Block

Vertex Ventures, the venture capital arm of Temasek Holdings, will work with Binance to create Binance Singapore, a fiat-to-crypto exchange. The total amount of funding Binance received from Vertex Ventures was undisclosed. In September, Binance founder and CEO Zhao Changpeng, revealed his intentions to launch a crypto exchange on every continent. Furthermore, Binance recently started beta-testing a fiat-to-crypto exchange in Singapore. (Source: CoinDesk)

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Steven Zheng profile picture Steven Zheng

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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