Binance to acquire remaining 40% stake in Indonesian exchange | https://t.me/CryptoMarketUpdates
Binance to acquire remaining 40% stake in Indonesian exchange Tokocrypto: Source
Binance is set to acquire the remaining 40% in Indonesian exchange Tokocrypto after first acquiring 60% in 2020, a source with direct knowledge of the matter told The Block. Tokocrypto today announced that Binance “will gradually increase its stake to nearly 100%.”
Tokocrypto today announced that Binance “will gradually increase its stake to nearly 100%,” building on its previous investment in 2020. Binance CEO Changpeng "CZ" Zhao tweeted that "Binance was the majority shareholder of Toko[crypto] from the beginning. Just injected more cash and increased our shareholding a bit.". Binance's investment in Tokocrypto gave it a majority or controlling stake.
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