Binance Invests in Indonesia’s Tokocrypto Crypto Exchange

e_abrams

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Binance continues investing in other businesses – recently it invested a confidential sum in an Indonesian cryptocurrency exchange by the name of Tokocrypto, which goes along with Binance’s introduction of the Indonesian fiat into its peer-to-peer cryptocurrency trading platform.

Binance did so this week, attempting to accelerate the Indonesian cryptocurrency businesses through investing in both services and products that are provided by Tokocrypto. Both Binance and the Indonesian exchange are planning for a nation-wide expansion.

“With fast technology adoption, strong economic growth, and the world’s fourth-largest population, Indonesia will become one of the leading centers of the blockchain ecosystem in Southeast Asia…“Our investment in Tokocrypto will allow us to explore exciting new opportunities together for the Indonesian market with a regulated local partner to further enable the freedom of money.”said the CEO of Binance, Changpeng Zhao.
Source

Binance continues to expand quite aggressively, I wonder what other plans they have.