The world’s largest exchange, Binance, announced an investment that seems rather odd. This was especially that it may draw users away from the platform.
Binance Labs, the chain-agnostic incubator and the venture capital arm of Binance, revealed a strategic investment in hardware wallet maker NGRAVE. Furthermore, the investment looks to be an attempt to capitalize on renewed calls for self-custody in the industry.
(by Suzuki Shillsalot)