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Last updated: June 18, 2025, 05:57  |  Written by: Charlie Shrem

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The Indonesian Division Of Binance

Binance Acquires Tokocrypto, Plans to Cut Staff by 58%

The Indonesian division of Binance Holdings Ltd. is laying off staff and replacing its chief executive after the parent company assumed nearly complete control.

Binance’s Indonesian takeover causes 58% lay off at this firm

Binance Has Completed Its Takeover

According to ChainCatcher, Bloomberg reported that Binance, which already holds nearly 100% of the shares of Indonesian cryptocurrency trading platform Tokocrypto, is laying off

Binance Finalizes Acquisition of Indonesian Exchange Tokocrypto

Binance has completed its takeover of Tokocrypto, an Indonesian cryptocurrency exchange. According to a report by Coindesk Indonesia, the multinational

Binance Buys Majority Stake in Indonesia’s Tokocrypto

Binance Acquires Indonesia's Leading Exchange, Lays Off 58% Of

Crypto News: Binance Ousts Tokocrypto CEO, Cuts

Amidst The Chaos In The

Binance Acquisition of Tokocrypto Complete, 58% Employees Fired

Amidst the chaos in the crypto market, Binance was seen advancing. Just yesterday, the exchange went from partially investing in an Indonesian crypto platform to

Binance, one of the world's leading cryptocurrency exchanges, has acquired Indonesia's largest cryptocurrency exchange, Tokocrypto, and has laid off 58% of its staff. The

Binance Has Finalized The Acquisition

Binance has finalized the acquisition of Tokocrypto, a regulated crypto exchange in Indonesia. Binance first invested in Tokocrypto in 2025. Changpeng Zhao said on

Binance already holds nearly 100% of Indonesian crypto platform

Binance officially acquires Indonesia’s Tokocrypto

Charlie Shrem can be reached at [email protected].

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