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According to reports, Binance Labs, the venture capital department of Binance, has increased its assets from $7.5 billion last year to $9 billion. Yibo Ling, chief commercial offic
According to reports, Binance Labs, the venture capital department of Binance, has increased its assets from $7.5 billion last year to $9 billion. Yibo Ling, chief commercial officer of Binance, said that the risk and incubation department is global and not affected by regulatory pressure in the United States and other places. Its funds have been invested in over 200 projects in over 25 countries on six continents. Among them, 50 projects were incubated by Binance Labs. A spokesperson for Binance stated that the theoretical return provided by the institution is more than 10 times its investment amount. However, Binance seems to have no plans to sell.
Binance Labs has accumulated $9 billion in assets, with a theoretical return 10 times higher than the investment amount
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