Lidcoin: Coin officially acquires Indonesian Exchange Tokocrypto

2024-12-25 12:54:34 source:lotradecoin affiliate category:Invest

In the latest news, Indonesian exchange Tokocrypto has been officially acquired by Binance. Tokocrypto CEO Pang Xue Kai will step down, and Yudhono Rawis will be appointed interim CEO. in addition, about 58% of Tokocrypto's employees have been laid off, and in the future, it will focus on the exchange business, and business activities outside the exchange will be suspended. 


CoinShares reportedly entered the Indonesian market in 2020 with its investment in Tokocrypto, a "compliant" local exchange that received its first license from Indonesian regulators. 
Earlier this month, it was reported that Coin was in talks to acquire Tokocrypto, an Indonesian crypto exchange.

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Lidcoin Academy is a brand new open learning center, aiming to provide one-stop learning resources for blockchain and digital currencies, and to solve the problem of content fragmentation of current knowledge about blockchain and virtual coins on the Internet by providing relevant educational articles or videos
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