Binance Singapore Gets Funding from Singapore Government’s Venture Fund

[kreslik.news]

The venture capital branch of an investment company owned by the Singaporean government has invested an undisclosed amount in Binance, currently the world’s most popular cryptocurrency exchanges.

$223.5 billion in investments

Vertex Ventures is the oldest venture capital fund in Southeast Asia, according to Bloomberg. Its ‘China’ and ‘Southeast Asia & India’ branches were involved in the deal.

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The purpose of this deal is to open Binance Singapore, an exchange which will handle both cryptocurrency and fiat currency.

Binance is originally from China but now has offices in multiple locations (includingLiechtenstein, read more)