The Indonesian division of Binance

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

Binance Acquires Tokocrypto, Plans to Cut Staff by 58%

Binance already holds nearly 100% of Indonesian crypto platform

Binance Acquisition of Tokocrypto Complete, 58% Employees Fired

Binance officially acquires Indonesia’s Tokocrypto

Amidst the chaos in the

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

Crypto News: Binance Ousts Tokocrypto CEO, Cuts

Binance

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

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 Finalizes Acquisition of Indonesian Exchange Tokocrypto

Binance Buys Majority Stake in Indonesia’s Tokocrypto