Binance Investment Arm YZi Labs Backs Genius Terminal for Private Onchain Trading

YZi Labs—formerly Binance Labs, Binance’s venture capital and investment arm—has announced a $10 million seed investment in Genius Terminal. Genius is described as a professional trading terminal for private, high-velocity onchain operations. According to the announcement, Binance and YZi Labs co-founder Changpeng Zhao (CZ) has been nominated as one of the startup’s advisors under claims of “alignment” to YZi Labs’ vision of backing infrastructure to compete with centralized exchanges (CEXs). Armaan Kalsi, ...