Binance Joins $200 Million Funding Round In Crypto Data WebsiteAuthor: Justinas BaltrusaitisLast Updated: September 17, 2019 The recognized cryptocurrency exchange Binance decided to make its first strategic Chinese investment in a CoinDesk rival called Mars Finance. The funding round valued the crypto-data website at about $200 million.According to data provided by CoinMarketCap, Binance registered a trading volume of $821 million in the last 24 hours. Binance Invests In Mars FinanceSome of the investors in the company included Ceyuan Ventures and also Matrixport. This last company is a financial services startup that was created by Jihan Wu, the co-founder of Bitmain, the largest ASIC producer in the crypto mining industry.This is the first strategic investment that the popular digital currency exchange made in China. The country imposed a ban to cryptocurrency trading activities back in 2017 before Bitcoin (BTC) reached an all-time high of $20,000.According to Changpeng Zhao, the CEO and founder of Binance, it is important to “make more news, and less FUD.”Let’s make more news, and less FUD. Invest in the industry.https://t.co/QsAntt0UpH— CZ Binance (@cz_binance) September 17, 2019Mars Finance is a company founded by Wang Feng in 2018 and it is one of the fastest-growing crypto-related news sites in the Chinese language. In the past, the company was able to gather funds from other investors, including IDG Capital and Consensus Lab.Wang Feng has also co-founded Linekong Interactive Group in 2007, going public in Hong Kong seven years later.