Here's MX Global! This Malaysian crypto exchange just raised a $1.6M round, according to VentureCap Insights.

Investor check. The round was co-led by Binance and Hachiman Technology (MX Global's alleged parent company)

• Binance and Cuscapi invested in MX Global earlier this year.

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🧐 Who are they?

They're a crypto trading platform that offers Bitcoin and Ethereum. Just head to their website, sign up and start trading!

• Buy, sell and store crypto on the platform. And yes, you can pay with Malaysian Ringgit (MYR).
• MX Global is also licensed by Malaysia's Securities Commission.

While it doesn't seem like much now, word on the street is that they're looking to offer more tokens and provide utility through trading pairs between digital assets (not just fiat MYR).

• Binance has also been sharing tech and talent with MX Global.

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🤷🏻‍♀️ Why does Binance care?

Well, Malaysia's Securities Commission issued a cease-and-desist order against Binance and its CEO Changpeng Zhao (CZ) in July last year for operating without a license.

This June, CEO CZ dished out that they'll be working with Malaysian crypto exchanges to expand in the country.

Zoom out. Other crypto exchanges in Malaysia include LUNO, Sinegy and Tokenize.