Summary
- Binance officially announced the launch of the Mexican entity Medá (Medá).
- It said a $53 million investment will be made alongside the launch.
- Binance said this measure will have a positive impact on the expansion of the Latin American fintech market.
Global cryptocurrency exchange Binance is set to launch a Mexican entity.
On the 1st (local time), according to Cointelegraph, Binance said in a statement, "It will launch a Mexican entity, Medá. Medá will focus on developing Binance-based fintech services across Latin America."
It also announced an investment of $53 million. Binance said, "This investment will expand Mexicans' access to digital services and have a positive impact."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
