Binance establishes entity Medá in Mexico and plans to invest $53 million

ChainCatcher news, according to Cointelegraph, Binance has launched Medá in Mexico, a regional cryptocurrency hub and regulated fintech company dedicated to driving fintech innovation across Latin America.

Binance stated that it plans to invest over 1 billion Mexican pesos (53 million USD) over the next four years, aiming to expand the reach of innovative, user-friendly digital services in this vertical field, bringing positive impacts to the people of Mexico.