Binance Launches Local Fintech Platform, Medá, In Mexico for $53 Million

Binance, the world’s leading cryptocurrency exchange, has launched a new fintech platform in Mexico called Medá with an investment of over $53 million. The move aims to expand access to financial services and make digital finance easier for Mexicans. 🇲🇽 🇲🇽 🇨🇱 🇺🇸

Medá is registered as an Electronic Payment Funds Institution (IFPE) and will operate independently, focusing on fintech innovation in Latin America. The platform plans to provide Mexican users with higher-quality financial technology services at more affordable prices.