YZi Labs, an investment company founded by Binance’s
$8.57B
Changpeng Zhao, has invested in Genius Trading, a new on-chain trading platform.
The amount was not shared, but YZi Labs stated in an announcement that the investment was in the eight-figure range. Zhao will also serve as an adviser to the project.
The investment shows how tools that connect trading across different blockchains are becoming more important in the crypto market. Instead of being seen as just trading apps, they are now viewed as key parts of the market’s infrastructure.
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As more users trade on multiple blockchains, systems that make it easier to manage those trades are gaining attention.
Genius Trading is not a decentralized exchange. It works as a trading interface that helps users make trades across several blockchains and platforms from one place.
The focus is on improving how trades are carried out, through better routing, speed, and management tools, rather than simply offering more liquidity.
Before its public launch, Genius Trading processed more than $160 million in transactions across 10 blockchains. The platform currently supports spot trading, perpetual futures, and copy trading.
YZi Labs recently criticized CEA’s new rules that make takeovers harder and reduce shareholder power. What did the company say? Read the full story.
