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Invezz 2024-03-15 19:31:49

Binance spins off $10 billion venture arm

Binance, the world’s leading cryptocurrency by trading volume, has reportedly spun off its $10 billion venture capital arm Binance Labs. Bloomberg first reported the story on Friday, noting that Binance and Binance Labs had operated as independent companies since early this year. Details on the venture capital firm’s website includes a disclaimer that reads: “Binance

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