💥Binance Lab separated from Binance
Binance quietly spun off its $10 billion USU venture capital fund Binance Lab earlier this year.
Accordingly:
◾️Binance Labs has become an independent entity and severed some ties with Binance.
◾️Binance Labs employees currently have separate contracts from those of exchange staff
◾️Reset the BNB digital ledger chain supported by Binance.
This is one of the most notable developments during the tenure of CEO Richard Teng. Thus, after 4 months of his tenure, Teng has made his own mark. Binance has become more compliant, which will create friendliness with US lawmakers, making BNB more friendly.
👉Source: Bloomberg
