Leading cryptocurrency exchange desk Binance has received a backing from Singapore’s government-owned holding company Temasek Holdings. Vertex Ventures, Temasek’s venture capital arm, has made an investment in Binance to help develop a cryptocurrency-to-fiat exchange desk in Singapore, the company announced today. The exact amount of investment hasn’t been disclosed. According to Bloomberg., the funding — which is a joint venture between Vertex’s China and Southeast Asia & India branches — will also support cryptocurrency-to-fiat gateways by other companies. Binance’s plan to open a fiat exchange desk in Singapore were made public last month when the company’s CEO Changpeng Zhao announced the beta testing…

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