Binance Spun Off Venture Capital Arm Earlier This Year

Research by CoinGecko last year found that Binance Labs had made a total of 177 investments as of September 2023, ranking the ninth most active among its peers, a comparable figure to firms such as Pantera Capital and Digital Currency Group and slightly less than Animoca Brands. Coinbase Ventures was comfortably the most active crypto venture capital company in the period, with 372 investments, according to the research.