Binance to launch exchange in Indonesia with MDI Ventures-led consortium

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta' Qali, Malta October 3, 2019. REUTERS/Darrin Zammit Lupi

Cryptocurrency exchange Binance will form a joint venture with a consortium led by MDI Ventures to launch an Indonesia-based exchange, confirming previous reports.

The move comes days after Binance announced the withdrawal of its application for a licence in Singapore and shut down Binance Singapore’s exchange operations.

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