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Changpeng Zhao’s YZi Labs Invests in Genius Trading’s Multi-Chain Platform

Key Takeaways

  • ​YZi Labs, founded by Binance’s Changpeng Zhao, invested an eight-figure sum in Genius Trading;
  • Genius Trading connects trades across blockchains, focusing on execution efficiency;
  • Before launch, the platform processed more than $160 million across 10 blockchains with multi-mode trading.

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Changpeng Zhao’s YZi Labs Invests in Genius Trading’s Multi-Chain Platform

YZi Labs, an investment company founded by Binance’s $13.78B 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.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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