- Former Binance Chief Financial Officer Wei Zhou purchased Coins.ph, a mobile wallet and digital currency exchange, from Gojek.
- Gojek, an Indonesian technology business, paid $95 million for Coins.ph in January 2019. According to the story, Gojek sold it to Zhou for at least double that much.
- According to The Ken, several regional investors familiar with Coins.ph or Gojek verified the acquisition.
- Zhou has the potential to return the Manila, Philippines-based corporation to its crypto beginnings.
- Coins.ph was one of the first cryptocurrency wallets and exchanges in the Philippines, having launched in 2014. It then shifted its focus to provide a larger range of financial services.
- “Gojek didn’t do much with it, which was disappointing because Coins was the dominant crypto wallet in the Philippines,” The Ken was informed by a senior investment official acquainted with the company. “However, with the current management, they plan to resurrect that component of the firm as a crypto wallet and trading platform, transforming it into Southeast Asia’s Coinbase.”
- Zhou quit Binance in May of last year for personal reasons. The corporation declined to comment on his location at the time. He hasn’t updated his LinkedIn experience since then, thus this article is the first indication of his prospective re-emergence in the crypto world. He had been with Binance for three years.
- Requests for comment from Zhou, Coins.ph, and Gojek were not immediately returned.
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