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

Markets•October 22, 2018, 10:16PM EDT
Binance receives strategic funding from the venture arm of Singapore's sovereign fund

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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