Binance announced teaming up with a consortium led by MDI Ventures, an investment unit of state-owned telecom company Telkom Indonesia–to launch a new cryptocurrency exchange in the world’s fourth most populous country.
MDI Ventures counts as Indonesia’s largest technology investment firm, managing more than $830 million in a global portfolio spanning across several industries.
Binance providing asset management infrastructure
Binance founder and CEO Changpeng Zhao said:
“Our ambition at Binance is to grow the blockchain and cryptocurrency ecosystem globally, and this initiative in Indonesia is a significant step in that direction.”
According to the statement, Binance will be leveraging asset management infrastructure and technology to support the development of the new crypto exchange platform.
“With fast technology adoption and strong economic potential, Indonesia could become one of the leading centers of the blockchain and crypto ecosystem in Southeast Asia.”
Growing the global blockchain ecosystem
The new exchange falls in line with Binance’s broader strategy to develop the global blockchain ecosystem.
The news of the partnership follows the recent announcement on Binance’s 100 million EUR “Objective Moon” initiative to support the development of the French and European blockchain and cryptocurrency ecosystem.
In addition, Binance Asia Services recently made a strategic investment in Singapore-based Hg Exchange (HGX).
Donald Wihardja, CEO of MDI, said:
“Cryptocurrencies, crypto assets, and the underlying technology, blockchain, present an undeniably important part of the financial and other digital infrastructures in the future. MDI, as Telkom’s technology investment arm and technology scout, are very excited to participate in this journey,”
The press release didn’t name any other companies in the consortium, which has access to more than 170 million consumers.
“We look forward to growing with Binance and our investment partners, and bridging the opportunities and technologies to Telkom to help upgrade Indonesia’s capabilities in this digital infrastructure.”
The post Binance partners with Indonesia’s largest telecom and prepares to launch a new exchange appeared first on CryptoSlate.
Thank you for another excellent article. Where else may anybody get that kind of info in such a perfect manner of writing? I have a presentation next week, and I am at the search for such info.
Definitely believe that which you stated. Your favorite justification appeared to be on the internet the easiest thing to be aware of. I say to you, I certainly get irked while people think about worries that they plainly do not know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks
What i do not understood is if truth be told how you’re not really a lot more neatly-preferred than you might be now. You’re very intelligent. You realize therefore significantly in the case of this topic, produced me personally consider it from so many numerous angles. Its like women and men are not fascinated until it is one thing to accomplish with Woman gaga! Your personal stuffs great. At all times take care of it up!
I have not checked in here for a while as I thought it was getting boring, but the last several posts are good quality so I guess I’ll add you back to my daily bloglist. You deserve it my friend 🙂
Hi! I’ve been reading your weblog for a long time now and finally got the bravery to go ahead and give you a shout out from Lubbock Texas! Just wanted to tell you keep up the fantastic job!
You have mentioned very interesting details! ps decent internet site. “Loneliness seems to have become the great American disease.” by John Corry.
It’s really a cool and helpful piece of info. I’m glad that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.
Awsome info and straight to the point. I am not sure if this is actually the best place to ask but do you guys have any ideea where to hire some professional writers? Thanks in advance 🙂
Wohh exactly what I was searching for, thankyou for posting.
I’ve been exploring for a bit for any high-quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i am happy to convey that I have an incredibly good uncanny feeling I discovered exactly what I needed. I most certainly will make certain to do not forget this website and give it a glance regularly.
Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.
Why users still make use of to read news papers when in this technological globe everything
is presented on net?
554707 971464Aw, i thought this was quite a very good post. In concept I would like to devote writing such as this moreover – spending time and actual effort to produce a terrific article but exactly what do I say I procrastinate alot by no indicates manage to get something done. 200393
Great post. I am facing a couple of these problems.
957131 388605Cpr KIts really wonderful read you know alot about this subject i see! 317259
487828 985784Thank you for sharing with us, I conceive this web site actually stands out : D. 646652