Binance Co-Founder He to Lead $7.5 Billion VC Arm in Shuffle

Binance, the world’s biggest crypto exchange, said its co-founder Yi He will serve as the new head of its venture capital arm Binance Labs, replacing Bill Chin, who left earlier this year.

Binance Labs manages total assets of $7.5 billion. That makes it one of the largest venture capital players in the crypto industry, rivaling giants such as Silicon Valley investment firm Andreessen Horowitz’s digital assets-focused efforts...

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