According to Wu Blockchain, Binance is obtaining investment and protection from Singapore government funds at a valuation of $200 billion.

Binance has been getting one regulatory hit after another in the past few months.. is it time for the tide to change?

If this indeed happens, Binance would not only be the largest crypto player but also have full backing of the Singapore govt. Keep in mind that the Singapore Govt investment vehicle already owns stake in Binance. This is supposedly for a much larger pie

Exclusive: Multiple sources told that Binance is considering obtaining investment and protection from government funds at a valuation of $200 billion. Singapore is one of the most likely options.

The source stated that Binance’s equity belongs to founder CZ and co-founder HeYi, with a ratio of 92:8.

On August 23, Binance Singapore announced the appointment of Richard Teng as CEO. Teng has been the Director of Corporate Finance at the Monetary Authority of Singapore (MAS) for 13 years.

After rejecting Sequoia Capital’s investment, CZ made it clear that Binance does not need external funds, and he is only interested in working with venture capital companies that can help exchanges cooperate with regulators and obtain operating licenses.

Vertex Ventures, a subsidiary of Singapore’s sovereign fund Temasek, has invested in Binance Singapore. It seems logical to invest in Binance Global now. The premise is that the government is willing to take risks.

Coinbase's profit in the first quarter was about 800 million, and its current market value was 54.2 billion. Binance's profit is about 4x that of Coinbase, so the valuation is $200 billion.

It is from an non-blue tick account, so take it with a pinch of salt.. but this account has been right in the past, especially with crypto developments in Asia region.

Will CZ deliver yet again? Can't wait to find out!