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Binance enters China by funding crypto startup- Mars Finance

Binance is amongst the largest cryptocurrency exchange in the world, and it made its first investment in China by funding cry
Binance is amongst the largest cryptocurrency exchange in the world, and it made its first investment in China by funding cryptomedia startup, Mars Finance.

Binance is amongst the largest cryptocurrency exchange in the world, and it has recently made its first investment in China by funding crypto media startup, Mars Finance.

There were other investors as well as Ceyuan Ventures and Matrixport, a crypto-financial service startup who decided to be a part of this startup, which is created by Wu Jihan. The funding amount is still a secret that is kept by mars Finance, but it is reported that it has reached the $200 million post-money valuations.

Mars Finance which is operated by Huoxing24 Ltd, in the past has raised funding from IDG Capital, and OKCoin and Huobi. With these major firms as investors, this tells us that Mars Finance is now backed by the Chinese crypto exchanges- OKEx, Huobi, and Binance.

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