Dealing with regulatory pressures, Binance’s venture capital arm increased its assets from $7.5 billion to $9 billion.
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 Labs, has managed to increase its $7.5 billion assets to $9 billion. In this period when Binance was under regulatory pressure, the growing structure of the venture capital arm drew attention.
Binance Labs Raises Assets to $9 Billion
Binance Labs’ assets have increased by $1.5 billion compared to last year. The assets of the venture capital arm are around $9 billion.
Taking its share from the SEC and CFTC’s 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. A Binance spokesperson argued that the theoretical return on investments made is 10 times greater.
Yibo Ling, Binance’s chief operating officer, told The Block that US regulatory pressures are not having an impact as thought. Ling signaled that they could turn to any project in any country.
As most of Binance Labs’ capital comes from the stock market leg, the majority of the returns from venture capital investments will also go to the stock market side.
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