Binance Funds Mars Finance Media Firm in China

Asia Blockchain Review
September 25, 2019
Binance Funds Mars Finance Media Firm in China

International cryptocurrency exchange Binance has recently joined a funding round for Mars Finance a crypto media firm based in China. Mars FInance was founded in 2018 by Wang Feng, who is also the Co-founder of Linekong Interactive Group.

Funding Round Values Mars Finance at $200M

According to a report by Techinasia, Ceyuan Ventures and Matrixpoint also participated in the funding round. A statement from Mars Finance revealed that it was valued at approximately US$200 million.

Mars Finance is a news platform with an emphasis on cryptocurrency and blockchain, while also hosting reference materials for crypto and blockchain technology. The company presents itself as an online community aimed at sharing blockchain/crypto knowledge.

Other services to be introduced in the future include digital asset management services and market reports.

Blockchain & Crypto Media Grows in China

Mar Finance has reportedly been gaining more interest from investors, with its previous funding rounds welcoming firms such as Mengxin Technology, IDG Capital, and the venture arms of cryptocurrency exchanges Huobi and OKCoin.

According to a Bloomberg report, Binance CEO Changpeng Zhao affirmed that it is keen on investing in media firms in the blockchain and crypto industry.

“We have large respect for data, news, and research firms which support the positive growth of the blockchain industry,” Zhai said. “We will continue to pursue strategic investment opportunities in our mission to bring crypto further mainstream, increase adoption and accessibility, and help the industry grow sustainably.”

Meanwhile, Binance recently introduced its new service Binance Lending, which allows users holding Binance Coin (BNB) and Tether (USDT) to participate in a crypto-lending venture and earn interest from their assets.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Blockchain Enables Verification of COVID-19 Immunity
    Given the virus is not going to disappear in a hurry and we are some time away from vaccinating the ...

    November 21, 2020

    Illicit Cryptocurrency Activity: A Concern
    Market regulators such as SEC has accepted cryptocurrencies as a financial instrument and are consta...

    November 20, 2020

    IBM Using Blockchain to Help Businesses Reopen during COVID-19
    IBM’s healthcare unit, IBM Watson recently announced that they will soon be launching an app to supp...

    November 20, 2020

    Canadian Pacific Railway Collaborates with TradeLens
    Canadian Pacific Railway recently collaborated with TradeLens in a bid to improve its efficacy as an...

    November 19, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us