- Several regional investors familiar with either Coins.ph or Gojek confirmed the deal to The Ken, it reported.
- Zhou could steer the Manila, Philippines-based company back to its crypto roots.
- Coins.ph was founded in 2014 and was one of the earliest crypto wallets and exchanges in the Philippines. It later pivoted to providing broader financial services.
- “Gojek didn’t do much with it, which was unfortunate because Coins was the leading crypto wallet in the Philippines,” a senior investment executive familiar with the company told The Ken. “But now, with the new management, they’ll revive that part of the business as a crypto wallet and trading platform, making it the Coinbase of Southeast Asia.”
- Zhou left Binance last May for personal reasons. At the time, the company declined to comment on his whereabouts. He hasn't updated his experience on LinkedIn since then, and so this report is the first sign of his possible re-emergence into the crypto scene. He had worked for Binance for three years.
- Zhou, Coins.ph and Gojek didn't immediately respond to requests for comment.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.