Binance Labs weighs raising its first fund from external investors in 2022

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta’s official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta’ Qali, Malta October 3, 2019. REUTERS/Darrin Zammit Lupi

The venture capital arm of the world’s largest cryptocurrency exchange Binance is thinking of raising its first externally financed fund next year, a Binance executive told DealStreetAsia.

Bill Qian, the head of Binance Labs Fund, said the size of the fund could be around $400 million.

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