Binance, the world’s largest cryptocurrency exchange, announced on Wednesday that it has appointed its co-founder, Yi He, as the new head of its Venture Capital arm and incubator, Binance Labs.
The announcement comes after Binance Labs raised $500M (approximately €491M) from global institutional investors, including DST Global Partners and Breyer Capital, to invest in projects that can extend the use cases of cryptocurrencies and drive the adoption of Web3 and blockchain technologies.