Binance Co-Founder Yi He to Lead $7.5 Billion VC Arm (1)

Binance, the world’s biggest crypto exchange, said its co-founder Yi He will serve as the new head of its venture capital arm Binance Labs, replacing Bill Chin, who left earlier this year.

Binance Labs manages total assets of $7.5 billion. That makes it one of the largest venture capital players in the crypto industry, rivaling giants such as Silicon Valley investment firm Andreessen Horowitz’s digital assets-focused efforts, which total $7.6 billion so far. Since its inception in 2018, Binance Labs says it has made a 2,100% rate of return.

Yi He

Source: Bloomberg

The leadership shuffle shows the importance that Binance places ...