Dark
Light
Today: July 8, 2025
March 16, 2024
1 min read

Binance’s Quiet Venture Capital Exit Sparks Industry Interest



TLDR:

  • Binance has separated from its venture capital arm, Binance Labs
  • The decision to spin off Binance Labs comes amid an SEC crackdown and leadership changes at the crypto exchange

Binance, one of the leading crypto exchanges globally, has quietly spun off its venture capital arm, Binance Labs, as an independent entity. The move comes in the midst of regulatory actions and changes in leadership at the exchange.

The $10 billion venture unit, Binance Labs, now operates independently from the Binance Group. Despite being licensed to use its trademark, the firm states that it has no other relationship with Binance Group. The spinoff took place earlier this year, with Binance Labs now functioning as an independent business unit with a separate staff contract.

Since its establishment in 2018, Binance has been the largest crypto exchange by trading volume. However, the exchange has faced scrutiny from regulatory authorities due to its decentralized structure and unclear headquarters location. Last year, Binance settled a $4.3 billion lawsuit with the U.S. Department of Justice for violating the U.S. Bank Secrecy Act, marking one of the largest corporate settlements in U.S. history.

Following CEO Changpeng Zhao’s step down and legal troubles, Richard Teng has taken over as Binance’s CEO. The decision to detach Binance Labs from the parent company reflects significant changes under Teng’s leadership.


Previous Story

Navigating Middle East and Africa’s VC Landscape: Risks and Rewards

Next Story

Boosting Company Funds: Streamlining VC Contracts

Latest from Blog

VCFA Group Closes $1225M Venture Partners VII Fund

TLDR: VCFA Group closed VCFA Venture Partners VII fund with $122.5 million in commitments Transition marks continuation of VCFA’s pioneering legacy in the secondary private equity space VCFA Group, a pioneer in

Top AI Trends and Startups Shaping 2025 and Beyond

“`html TLDR: Israel is excelling in applicative and vertical AI, focusing on practical solutions in cybersecurity, healthcare, and defense rather than competing with tech giants in foundational AI models. Five key AI
Go toTop