Showing 1 Result(s)

Binance to acquire 18% stake in Singapore-based Hg Exchange

Binance Asia Services, the Singapore entity of Binance, announced on Wednesday that it is acquiring an 18% stake in Hg Exchange, a Singapore-based private securities exchange. It is not clear how much Binance Asia is investing in Hg to acquire the stake. A Binance spokesperson declined to comment to The Block when reached. The deal is subject to regulatory approvals, and an expected closing timeline is unknown. Hg Exchange (HGX) is a private securities exchange built on the Zilliqa blockchain, …