dealing with regulatory pressures Binance’s, venture capital arm assets 7.5 billionfrom dollars 9 billion dollarsraised.
The growing reputation of the cryptocurrency market has also started to make venture capitalists hungry. Many crypto projects have managed to raise millions of dollars in investments. Binance’s venture capital arm Binance labsmanaged to increase its assets from $7.5 billion to $9 billion. Binance’sIn this period under regulatory pressures, the growing structure of the venture capital arm drew attention.
Binance Labs Raises Assets to $9 Billion
Binance Labs’ assets compared to last year 1.5 billion dollars showed an increase. Assets of venture capital arm Around 9 billion dollars.
Affected by SEC and CFTC pressure on the crypto industry Binance continues to expand its venture capital arm. Binance Labs has invested in more than 200 projects in over 25 countries. One Binancespokesperson argued that the theoretical return on investments made is 10 times higher.
Binance’s chief operating officer Yibo lingIn a statement to The Block, he stated that US regulatory pressures did not have the effect as thought. linghas signaled that they can turn to any project in any country.
Binance labsSince most of ‘s capital comes from the stock market leg, the majority of the returns from venture capital investments will also be transferred to the stock market side.
