Binance Labs continues to grow as Binance continues its processes with regulators.
While the troublesome processes of the world’s largest stock exchange Binance with the regulators continue, its investment branch continues its investments.
Binance Labs Unaffected by Regulatory Environment
Binance Labs remains one of the most active investors in the crypto industry. Its assets grew from $7.5 billion last year to $9 billion. Yibo Ling, chief operating officer of Binance, said the scope of the venture and incubation unit is global and unaffected by regulatory pressures in the United States and elsewhere.
The world’s largest crypto exchange Binance and its CEO, Changpeng Zhao, have been sued by the Commodity Futures Trading Commission for their unregistered trading activities in the United States. Despite this, the investment arm of the company continues its work.
Yibo Ling, Binance’s chief operating officer, used the following statements in an interview about the US regulatory pressure affecting the Binance Labs venture arm:
“It doesn’t really affect Binance Labs in any way I can think of. It does not affect us differently. If there are good projects anywhere, we’d love to chat.”
