Share this article

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

Binance will provide infrastructure and support for the new exchange.

Updated May 11, 2023, 4:04 p.m. Published Dec 15, 2021, 5:54 a.m.

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.

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

Crypto Exchange Joint Venture Indonesia Binance

Parikshit Mishra

Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.