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Binance
Binance is a blockchain ecosystem and cryptocurrency infrastructure company based in Decentralised, established in 2017.
Binance
Binance is a blockchain ecosystem and cryptocurrency infrastructure company based in Decentralised, established in 2017. It operates a digital asset exchange and offers a diverse product suite. The company has secured approximately $2.1 billion in total funding.
General information
Firm type
other
Year founded
2017
AUM
Undisclosed
Location
Region
North America
Country
Cayman Islands
City
George Town
Corporate office
George Town, Cayman Islands
Additional offices
Hong Kong · Lugano · Dubai
Principals
Changpeng Zhao
Founder & Former CEO
Richard Teng
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Binance?
Binance's venture capital arm, Binance Labs, is run by Yi He, a co-founder who has been with the firm since inception (per public record, 2025). The strategic direction overall comes from CEO Richard Teng, who took over after Changpeng Zhao's departure in 2023.
How does Binance source proprietary deal flow?
Binance Labs sources deals through its exchange's listing pipeline, Launchpad incubator programs, and direct founder referrals from its ecosystem. The firm also runs accelerator programs in partnership with regional blockchain hubs like Lugano's Plan ₿ and Hong Kong's Cyberport.
Is Binance structured as a family office or a venture firm?
Binance operates primarily as an exchange business that includes a venture capital arm, Binance Labs. It is not a family office, though Changpeng Zhao's personal wealth is substantial; his trust may operate separately, but Binance itself is a corporate entity.
Does Binance participate in fund commitments or only direct deals?
Binance Labs primarily does direct equity investments and token purchases, but also commits to select venture funds as limited partners. Its investments are mostly in blockchain and crypto-native companies, with a focus on early-stage startups.
What investment stages does Binance typically target?
Binance Labs invests across all stages, from seed and Series A through growth-stage rounds. It has participated in over 200 projects globally, including seed funding for Sky Mavis and Series B for Polygon (per public record, 2025).
Which sectors does Binance actively avoid?
Binance publicly avoids investing in non-blockchain traditional finance firms, real estate, or industrial assets. Its focus is strictly on crypto infrastructure, DeFi, Web3 applications, and enabling technologies like zero-knowledge proofs.
Where does the underlying wealth come from?
The wealth originates from Changpeng Zhao's founding stake in Binance, which generated billions through trading volume fees. Zhao holds no outside wealth or inheritance; his net worth is entirely derived from the exchange's growth.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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