On November 15th, Dana Hou, responsible for Binance Labs' business strategy and operations, told Bloomberg that the department is currently more actively engaging with cryptocurrency project founders.
Dana Hou stated that despite the unfavorable regulatory environment this year, Binance Labs will continue to invest in more cryptocurrency projects, including those based in the United States. Binance's recent layoffs have not affected Binance Labs, and the team is still operating stably.
However, according to data analysis released on its official website, Binance Labs has reduced its team members by 10 since January, from 18 to 8. When asked about the departures, Binance Labs stated that they will continue to recruit and welcome new members to join the team.
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Head of Operations at Binance Labs: Currently more focused on supporting startups that already have actual products and revenue
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