Binance, a multi-language cryptocurrency exchange, announced plans to establish a US$1 billion fund, Ella Zhang, head of Binance Lab, announced in an online conference. Binance Lab will select 20 qualified fund partners to work together on this effort. It will provide financial support and share high-quality projects. All investments will be made with BNB crypto coins. Eligible fund partners should be long-term investors who have faith in cryptocurrency and blockchain, and have asset-under-management of more than US$100 million, according to …

Binance Establishes $1B Fund To Invest In Blockchain Projects appeared first on China Money Network.