Binance, the world's largest crypto exchange by volume, is focusing on mergers and acquisitions this year to bridge geographical gaps and expand its customer base. The company's Chief Business Officer, Yibo Ling, is leading the effort, focusing on VC investments, strategic M&A, and business development. Binance Labs, the exchange's VC arm, has a portfolio valued at over $9 billion, with a focus on early-stage investments. The company invests in a variety of areas, with a preference for seed and Series A investments, and has over 200 portfolio companies on every continent except Antarctica.
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