Fintech

Binance to Acquire 18% Stake in Hg Exchange: Straits Times

December 9, 2021

The embattled crypto exchange will acquire the stake, which includes its own investment, via its Singapore arm Binance Asia Services

Last year Thailand's securities watchdog filed a criminal complaint against Binance for operating without a digital asset licence. Photo: Reuters.

Binance plans to acquire 18% of Singapore-regulated private securities exchange, Hg Exchange, The Straits Times reported.

The embattled crypto exchange will acquire the stake, which includes its own investment, via its Singapore arm Binance Asia Services.

Read the full report: The Straits Times.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.