đ„Binance Lab separated from Binance
Binance quietly spun off its $10 billion USU venture capital fund Binance Lab earlier this year.
Accordingly:
âŸïžBinance Labs has become an independent entity and severed some ties with Binance.
âŸïžBinance Labs employees currently have separate contracts from those of exchange staff
âŸïžReset 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.
đSource: Bloomberg
