JUST IN! Binance\’s Investment Arm Invested in a New Altcoin, the Price Jumped Huge!
YZi Labs, the investment arm of cryptocurrency exchange Binance, shared the cryptocurrency project it has recently invested in.
Accordingly, YZi Labs announced that it invested in Bitcoin-supported blockchain capital markets platform Avalon Labs.
YZi Labs says it supports projects that have the potential to transform industries and create lasting impact, such as Avalon Labs, which has unleashed Bitcoin’s enormous potential for real-world usability.
“At YZi Labs, we support projects with strong fundamentals that can revolutionize industries and create long-term impact. Avalon exemplifies this by building a fully integrated financial ecosystem using the security and liquidity of Bitcoin. It bridges the gap between Bitcoin’s immense potential and its real-world usability, transforming it into an active economic asset for global markets,” said Alex Odagiu, Director of YZi Labs.
“We are grateful for YZi Labs’ support as we continue to build the world-class financial center for Bitcoin,” said Venus Li, Co-Founder of Avalon Labs.
Following the investment news, Avalon Labs\’ native token AVL experienced a major rise.
*This is not investment advice.
