2 years ago
Former Binance CFO Wei Zhou bought Coins.ph, a mobile wallet and integer currency exchange, from Gojek, according to a report successful India-based work The Ken connected Monday.
In January 2019, Indonesian exertion institution Gojek bought Coins.ph for $95 million. According to the report, Gojek sold it for astatine slightest treble that magnitude to Zhou.
Several determination investors acquainted with either Coins.ph oregon Gojek confirmed the woody to The Ken, it reported.
Zhou could steer the Manila, Philippines-based institution backmost to its crypto roots.
Coins.ph was founded successful 2014 and was 1 of the earliest crypto wallets and exchanges successful the Philippines. It aboriginal pivoted to providing broader fiscal services.
“Gojek didn’t bash overmuch with it, which was unfortunate due to the fact that Coins was the starring crypto wallet successful the Philippines,” a elder concern enforcement acquainted with the institution told The Ken. “But now, with the caller management, they’ll revive that portion of the concern arsenic a crypto wallet and trading platform, making it the Coinbase of Southeast Asia.”
Zhou left Binance successful May 2021 aft 3 years for idiosyncratic reasons. At the time, the institution declined to remark connected his whereabouts. He has not updated his experience connected LinkedIn since then, truthful this study is the archetypal motion of a imaginable re-emergence into the crypto scene.
Zhou, Coins.ph and Gojek did not instantly respond to requests for remark erstwhile contacted by CoinDesk.
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Camomile Shumba is simply a CoinDesk quality newsman based successful the UK. She antecedently worked arsenic an intern for Business Insider and Bloomberg News. She does not presently clasp worth successful immoderate integer currencies oregon projects.
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