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Binance, MDI-Led Consortium to Create Crypto Exchange in Indonesia
Binance will provide infrastructure and support for the new exchange.
Updated May 11, 2023, 4:04 p.m. Published Dec 15, 2021, 5:54 a.m.
Crypto exchange Binance and a consortium led by MDI Ventures will establish a joint venture focused on developing blockchain technology in Indonesia, the company said in a press release on Wednesday.
- The joint venture will create an Indonesia-based digital asset exchange. Binance will provide infrastructure and support for the new exchange.
- MDI is the venture capital arm of Indonesia’s largest telecom company, Telkom Indonesia.
- Binance was reportedly in talks with PT Bank Central Asia, which is controlled by billionaire brothers Budi and Michael Hartono, and Telkom Indonesia, the country’s largest telecom operator, about a possible venture.
Read more:Binance in Talks With Indonesian Heavyweights for Crypto Venture: Report
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