Singaporean entrepreneur Eric Cheng has announced a S$67 million acquisition of one of Japan’s largest crypto currency platforms, BitTrade. With the acquisition, Mr Cheng will own controlling stake in the two firms — FX Trade Financial and its affiliate company BitTrade. What could this acquisition mean for the cryptocurrency market? Ong Kai Min, Founder of the Singapore Index Trading Institute tells us more.

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Singaporean entrepreneur Eric Cheng has announced a S$67 million acquisition of one of Japan’s largest crypto currency platforms, BitTrade. With the acquisition, Mr Cheng will own controlling stake in the two firms — FX Trade Financial and its affiliate company BitTrade. What could this acquisition mean for the cryptocurrency market? Ong Kai Min, Founder of the Singapore Index Trading Institute tells us more.

See omnystudio.com/listener for privacy information.