Breaking News: Binance Announces Investment in the Bitcoin Ecosystem.

Binance, which announced that it has invested in Corn, a yield network focused on Bitcoin, is doing this to facilitate Bitcoin's growth in the DeFi space. Corn is an Ethereum Layer 2 network focused on establishing a decentralized finance (DeFi) center for Bitcoin. Binance Co-Founder Yi He wrote the following for this initiative that combines #Bitcoin and decentralized finance; “#BinanceLabs is committed to supporting early-stage innovation that delivers meaningful and sustainable impact. We are happy to support Corn as it develops a utility-focused ecosystem that centers on #Bitcoin and enables it to be used more effectively and efficiently in DeFi.”

Corn's first investment round was an important move as Binance support continued as mainnet work continued. In the future, the project may launch an investment round for more capital.