Hello Dex Lovers, Seeing that the development of Crypto in Indonesia in the past few days has been quite significant, Dex Lovers, the circulation of information about the acquisition of Tokocrypto by Binance has made TKO prices skyrocket.
This time we will discuss the purpose of Binance entering the Indonesian market, Binance invests in Tokocrypto in 2020. Through this investment, Binance is expected to be able to strengthen its business in Indonesia, considering that Tokocrypto has a crypto license in Indonesia. Binance has made similar deals in the past.
It acquired Japan's Sakura Exchange Bitcoin (SEBC) for re-entry into the country last month. In Malaysia, Binance acquired a major stake in regulated digital asset trading platform MX Global. Seeing every step of this business from Binance, there are several things that make us have to rethink in determining the direction of investment.
The biggest Binance Exchange at the moment.
Binance has adopted a policy of acquiring companies in countries that reject the Binance system (many countries are still banned from the Binance app, including Indonesia).
Proof Of Reserves (Proof of Reserve Assets)
Fall of FTX and Luna
Tech stocks fall
Seeing the developments above, in general we are able to analyze every action from Binance as a readiness and a big step towards becoming a company with the largest capitalization in the world in the field of technology.
Tujuan BINANCE
Business growth: Acquisitions can help Binance expand its business into new markets or acquire new technologies or products that can help its business grow.
Synergies: Acquisitions can help Binance integrate its acquired businesses with its own businesses, resulting in synergies that can improve efficiency and reduce costs.
Diversification: Acquisitions can help Binance increase the diversification of its portfolio, thereby reducing its business risks.
Market power: Acquisitions can help Binace increase its market power by expanding the range of products or services it offers.
Competition: Acquisitions can be a strategy to improve Binance's competitive position against its competitors by acquiring other companies that have useful technologies or markets.
That is the analysis that we can discuss so that Dex Lovers have an idea in determining the direction of their investment.
#Binance #crypto2023 #TKO #TOKOCRYPTO #NEWS