Binance launches Mexico entity Medá, plans $53 million investment
Binance launches Medá in Mexico, a regional crypto hub and regulated fintech driving fintech innovation across Latin America.
Binance, the world’s largest centralized crypto exchange (CEX) by market capitalization, is expanding its operations in Mexico by launching a new local entity and a fresh investment commitment.
Binance announced the launch of its new Mexico-based entity, Medá, in a statement shared with Cointelegraph on Monday.
Medá is registered as an Electronic Payment Funds Institution (IFPE) and will operate as an independent division focused on advancing fintech services for Binance throughout Latin America.