Binance Buys Crypto-News Co.

Boston, MA Boston

Binance Invested in a Chinese Crypto News Site: The world’s leading cryptocurrency exchange Binance has made its first strategic Chinese investment, accompanying the funding round in crypto data website Mars Finance.

Other Investors also involved, Bitmain co-founder Jihan Wu, Ceyuan Ventures, and Matrixport, this assessed the firm at about $200 million.

This funding is Binance’s first strategic investment in China, a market the exchange must withdraw from in 2017 after it forbade cryptocurrency trading.

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