Binance, the world’s largest cryptocurrency exchange, parted ways with investment company Binance Labs.
According to the news reported by Bloomberg, Binance will launch at the beginning of 2024. Binance Labs He parted ways with. In the details provided by the Binance Labs spokesperson, Binance Labs is no longer Not part of Binance Group specified.
However, Binance Labs will be able to continue using the naming rights and the Binance brand. The decision in question is the new CEO of Binance Retrieved by Richard Teng While it is stated that Binance Labs staff are no longer contracts separate from those of stock exchange employees It was emphasized that.
Making a statement on the subject, Binance Labs Investment Director Alex Odagiumade the following noteworthy statements:
We, Binance Labs, are no longer part of the Binance group. From now on, our future operations will operate independently of Binance Group.
In recent years, Binance Labs has made a total of It has invested more than $10 billion in 250 different cryptocurrency projects..