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Crypto Exchange Binance to Invest $200 Million in Forbes

Crypto Exchange Binance to Invest $200 Million in Forbes
Copyright  Juliana Tan for The Wall Street Journal
By Dow Jones & Company

Cryptocurrency exchange operator Binance Holdings Ltd. is making a $200 million investment in the publisher of Forbes magazine, an unusual tie-up between a digital-currency firm and a traditional media outfit, the companies said Thursday.

Binance is the world’s largest crypto exchange operator by trading volume. It would become one of the biggest investors in Forbes Global Media Holdings Inc. if the deal is completed.

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