Crypto exchange giant Binance has made its first strategic Chinese investment after leaving China amid the local crypto trading ban back in 2017.
Founded in China in 2017, Binance has participated in a $200 million funding round of Beijing-based Mars Finance, a local crypto and blockchain publication, Bloomberg reported on Sept. 17.
Binance invests in crypto media
According to the report, investors also included Singapore-based Matrixport, recently founded by former CEO of Bitmain, and Beijing-based venture capital (VC) firm Ceyuan Ventures.
Following the news, Binance CEO Changpeng Zhao tweeted to confirm the news, expressing the company’s willingness to support the industry. He wrote:
“Let's make more news, and less FUD. Invest in the industry.” Source...