3 Crypto Exchanges acquired by Binance

[Suba]

Acquisition is a business development strategy to accelerate growth and expand the marketing reach of a company (Binance). Acquisitions made by Binance by buying at least 51% of the shares of a crypto exchange so that Binance gets control rights over the crypto exchange. Until now Binance has acquired 3 crypto exchange companies. As follows

1. Sakura Exchange Bitcoin
On Nov 30, 2022 Binance has announced that it has acquired 100% (shares) of Sakura Exchange Bitcoin (SEBC), With the acquisition of Sakura bitcoin exchange Binance can enter the Japanese crypto market as a regulated entity Japan Financial Services Agency (JFSA) .

SEBC crypto exchange only uses Japanese and is based in Tokyo, until now this exchange platform supports 11 crypto trading pairs, namely BTC, BCH, ETH, XRP.,LTC, ETC, MONA, XEM. ADA, XYM and COT

2. WazirX
WazirX is a trusted and safest crypto exchange in India founded in 2017. According to the Binance website, that on Nov 21, 2019, Binance has acquired WazirX crypto exchange, so that crypto enthusiasts in India can buy and sell cryptocurrencies with fiat money Rupees (INR) via Binance Fiat Gateway.

3. Tokocrypto
Tokocrypto is a crypto exchange registered at
The Indonesian Ministry of Trade, Binance has gradually acquired the Tokocrypto exchange and as of December 19, 2022 Binance has completed the full acquisition (100%).

 

[The crypto hustler]

Binance has made an announcement that Wazirx is not fully owned by Binance. Only some of the intellectual rights are owned by it. The rest is owned and operated by zanami labs pvt ltd in India