Binance, the world’s largest cryptocurrency exchange, claimed that “it will gradually grow its investment in Tokocrypto to nearly 100%.” This announcement also validates the news Coincu has reported that circulated on December 6, 2022, claiming that Binance was in the process of acquiring Tokocrypto.
Pang Xue Kai, the CEO, will step down, and Yudhono Rawis will serve as temporary CEO during the acquisition process. Nonetheless, “Pang Xue Kai will remain a member of the Tokocrypto Board of Commissioners and will continue to give leadership support in his new role,” the company said.
Approximately 58% of employees were laid off. Because Tokocrypto is designed to focus on business unit exchanges, business unit operations and activities other than exchanges will be temporarily discontinued.
With these modifications, “There is an employee adjustment of roughly 58%.” according to Tokocrypto’s VP of Corporate Communication, Rieka Handayani. Tokocrypto made the choice to streamline operations and focus on improving the functioning of the crypto asset trading platform in response to altering crypto market conditions.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Bitcoin Spot ETF Inflows have reached $510 million as of November 13, marking six consecutive…
Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…
Phantom iOS users are warned that a recent app update caused some users to log…
Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…
The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…
Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…
This website uses cookies.
