Binance Labs

Binance Labs, the venture capital arm of leading crypto exchange Binance, has closed a $500 million investment fund. Binance announced this news today, noting that the investment fund attracted renowned investors like DST Global Partners and Breyer Capital. Several unnamed equity funds, family offices, and corporations also participated in the fund as limited partners. According to the announcement, the $500 million will go toward funding the expansion of the applications of cryptocurrencies. Additionally, Binance Labs aims to use the money…

Without any doubt, one of the most dominant players in the Blockchain market is Binance Labs. The organization is an all-in-one blockchain ecosystem comprised of Exchange, Lab, Launchpad, Info, Academy, and Charity Foundation, all handled by their in-house blockchain - the Binance Chain. Founded under the leadership of CEO Changpeng Zhao, it is operated by a dedicated team of fintech and crypto experts. Notably, Binance Chain, which acts as the back-end support to all of Binance's activities, handles the Binance…