Binance to Launch $1B Blockchain Startup Fund

New organization will be a combination of a fund of funds (investing in other funds) and a company investing in blockchain projects directly
01 June 2018   1714

The largest crypto-exchange of today, Binance, announced plans to launch a fund to support companies operating in the field of blockchain and digital currencies, reports CoinDesk.

According to the chief of the incubation program Binance Labs Ella Zhang, the funds will come from the company's own reserves. The funds will be allocated gradually, during 10 stages (each time - at $ 100 million).

Also, she notes, the new organization will be a combination of a fund of funds (investing in other funds) and a company investing in blockchain projects directly.

We believe it's a disruptive social experiment. Binance Labs hopes to work with more aspirational projects to explore blockchain applications and together move forward the growth of the industry.
 

Ella Zhang

Chief, Binance Labs

Binance is seeking 20 funds to invest in, which each must manage a pool of at least $100 million in order to be eligible. The size of assets under the management of companies participating in the new fund should be at least $ 100 million. It is noteworthy that Binance will invest in these funds through its own BNB token.

Brave Allows to Buy Crypto at Binance Inside the App

Now a widget on the tabs in the Brave browser gives users direct access to both the Binance US
25 March 2020   990

Decentralized browser Brave announced a partnership with the cryptocurrency exchange Binance. Now, Brave users will be able to buy cryptocurrencies on Binance simply by opening a new tab in the browser.

A widget has appeared on the tabs in the Brave browser, which gives users direct access to both the Binance main site and the site of the American division of the exchange. Users will be able to exchange cryptocurrencies, view their balance and receive addresses for depositing cryptocurrencies directly in the browser. At the same time, developers left the option to disable the widget in the settings.

The developers emphasized that the widget uses the Binance API and does not download any data from the exchange servers, so that user data is protected. The new feature is available in the desktop version of Brave Nightly, and in the main version of the program it will appear in April.

The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem. We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.

 

Changpeng Zhao

CEO, Binance