Binance raises $500 million for its Web3 fund as crypto prices slip into a bear market

Changpeng Zhao "CZ" CEO of Binance

The world’s largest cryptocurrency exchange, Binance, is launching its own venture capital fund. The company’s venture arm, Binance Labs, announced Wednesday that it has raised $500 million for its first investment fund, which is backed by venture capital firms DST Global and Breyer Capital as well as corporations and family offices that have not been […]