Binances Indonesian Takeover Causes 58 Lay Off At This Firm

Last updated: June 9, 2025, 13:25

Binances Indonesian Takeover Causes 58 Lay Off At This Firm

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

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

According to ChainCatcher

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

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

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

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 Finalizes Acquisition of Indonesian Exchange Tokocrypto

Binance Acquires Tokocrypto, Plans to Cut Staff by 58%

Binance Acquisition of Tokocrypto Complete, 58% Employees Fired

Binance Buys Majority Stake in Indonesia’s Tokocrypto

Binance officially acquires Indonesia’s Tokocrypto

Binance

Binance already holds nearly 100% of Indonesian crypto platform

Crypto News: Binance Ousts Tokocrypto CEO, Cuts

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