Binance, the world’s largest exchange, introduces an in-house incubation program for early-stage crypto and blockchain ventures. While cryptocurrency is facing bear markets, the exchanges’ step might smooth investors unrested feelings.
Binance bullishness towards the ailing market first came across when the firm launched a $1 billion venture capital fund in early-June. The incubator was alluded to in June as well, but Binance comes out to release the details regarding this new venture recently. According to TechCrunch, Binance Labs CEO Ella Zhang noted that the incubation program is planning to take on eight to ten companies “per batch” for a 10-week tenure. The cryptocurrency platform will “support top-early stage teams with the best resources.”
#Binance Labs Incubation Programhttps://t.co/E0E3hzLI1l pic.twitter.com/vTjqkQqDJF— Binance (@binance) August 22, 2018
