Bitcoin Exchange Binance Announced the New Altcoin Project It Invested in!

Binance Labs, backed by Binance, the world's largest cryptocurrency exchange, announced that it has invested in Rango.

According to the article published on Binance's official website on June 19, the exchange's venture capital arm Binance Labs invested in the cross-chain decentralized exchange (DEX) Rango.

Thanks to its interoperability, Rango enables easy transactions between various blockchain ecosystems to support DeFi (decentralized finance) growth.

It is stated that Rango is a candidate to be one of the leading DEXs with its support for Bitcoin (BTC), Solana (SOL), Tron (TRX), Cosmos (ATOM), Starknet (STRK) and many major blockchains.

Binance co-founder and Binance Labs president Yi He made the following statements in his statement on the subject:

The services Rango offers are aligned with our goal of getting behind projects that support cross-chain development and innovation. We look forward to seeing Rango's journey as he continues to shape the DeFi space

According to the data shared by Binance, Rango currently supports more than 60 blockchains, more than 70 DEXs and more than 20 bridges, and the total transaction volume exceeds $3 billion.

Stay tuned for new information