Coin on acquires 18% of HGX, a Singapore compliance trading platform

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On December 9, according to foreign media, binance, a cryptocurrency trading platform, will acquire 18% of Hg exchange (HGX), a private stock exchange regulated by Singapore. The news was confirmed by Zhao CHANGPENG, founder of coin security.
“Cryptocurrency and traditional financial products continue to integrate. Through this investment, we seek to cooperate with HGX to enhance blockchain technology supported products and services,” said Richard Teng, CEO of coin on Singapore. Teng was the chairman of HGX before taking over as CEO of binance Singapore in August 2021.