Binance Officially Acquires Indonesian Crypto Trading Platform Tokocrypto

Dec 19,2022
KingData News: According to CoinDesk, Binance has officially acquired Indonesian crypto trading platform Tokocrypto. The CEO, Pang Xue Kai will step down from his position and Yudhono Rawis, will become the interim CEO during the acquisition process. In addition, approximately 58% of Tokocrypto's employees were laid off and will focus on the trading platform business in the future, and business activities outside of the trading platform will be suspended. Binance had entered the Indonesian market in 2020 and invested in Tokocrypto.
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