In one of the most notable developments under its new CEO Richard Teng, Binance spun out Binance Labs, its $10B venture capital arm, earlier this year (Ryan Weeks/Bloomberg)

In one of the most notable developments under its new CEO Richard Teng, Binance spun out Binance Labs, its $10B venture capital arm, earlier this year (Ryan Weeks/Bloomberg)

Ryan Weeks / Bloomberg:
In one of the most notable developments under its new CEO Richard Teng, Binance spun out Binance Labs, its $10B venture capital arm, earlier this year  —  – Investment arm is now independent from the trading platform  — Industry is monitoring for changes at Binance under CEO Teng