Crypto exchange BingX’s BingX Labs has announced a strategic partnership with Babylon, an innovative project in the Bitcoin DeFi and Layer 2 ecosystem. BingX Labs has invested $5.3 million in Babylon through its $100 million Ecosystem Fund, supporting the integration of Bitcoin’s security with PoS networks.Previously, Babylon had raised $96 million in funding, with investors including Binance Labs, Paradigm, and others.