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Head of Binance Labs Bill Qian Is Leaving the Firm
The announcement comes a few days after the venture capital arm of the world's largest crypto exchange said it raised a $500 million fund.
Bill Qian, the head of Binance Labs, the venture capital arm of Binance, which is the world's largest crypto exchange by trading volume, is leaving the firm.
- "We don't comment on people moves at Binance as a matter of policy. However, we can confirm that Bill is leaving Binance for personal reasons," a Binance spokesperson said.
- The Block had earlier reported the move, citing several people familiar with the matter. Nicole Zhang, Binance Labs' executive director, also left the firm last month, according to her LinkedIn profile.
- Earlier this week, Binance Labs said it raised a $500 million fund to invest in Web 3 and blockchain firms.
- The fund received investments from DST Global Partners, Breyer Capital, Whampoa Group and other private equity funds.
Read more: Binance Labs Raises $500M Fund for Web 3, Blockchain Investments
STORY CONTINUES BELOW
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
