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TechFlow reported, according to Bloomberg, that Binance earlier this year spun off its $10 billion venture capital arm, Binance Labs, into an independent entity, severing some ties with the broader group.
Now, Binance Labs employees have separate contracts from exchange staff, a setup similar to that of the BNB Chain, the digital ledger backed by Binance.
According to Bloomberg, Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity earlier this year and severed some ties with the overall group. Now, Binance Labs employees have separate contracts from exchange staff, similar to the setup of BNB Chain, the digital ledger backed by Binance.
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