Binance Breaks Away from its $10 Billion Venture Arm: Details

Leading crypto exchange Binance quietly unraveled its $10 billion venture capital arm earlier this year, coming within four months of Richard Teng’s appointment as the new chief executive officer of Binance. Binance Labs, the erstwhile venture capital division, has emerged as an autonomous entity, severing some ties with its parent group. Accordingly, Binance Labs staff...