Binance, MDI-Led Consortium to Create Crypto Exchange in Indonesia

Crypto exchange Binance and a consortium led by MDI Ventures will establish a joint venture focused on developing blockchain technology in Indonesia, the company said in a press release on Wednesday.

The joint venture will create an Indonesia-based digital asset exchange. Binance will provide infrastructure and support for the new exchange.
MDI is the venture capital arm of Indonesia’s largest telecom company, Telkom Indonesia.
Binance was reportedly in talks with PT Bank Central Asia, which is controlled by billionaire brothers Budi and Michael Hartono, and Telkom Indonesia, the country’s largest telecom operator, about a possible venture.

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Parikshit Mishra

Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

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