Million

Coin

<ul> 
 <li>Binance announces $10 million investment in Helio.</li> 
 <li>The investment is to help the decentralized finance platform grow into a liquid staking platform.</li> 
 <li>The crypto exchange recently partnered with Liquid to provide KYC service on its Binance Japan platform.</li> 
</ul> 
<a href="https://coinedition.com/tag/binance-news/" rel="noopener noreferrer nofollow">Binance</a>, the largest cryptocurrency exchange in the world, recently disclosed that Binance Labs, its venture arm, has invested in the <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> platform Helio Protocol. With the liquid staking becoming increasingly popular, the crypto exchange believes its investment in Helio will help the company expand. 
Additionally, the investment is to help the company launch its services on other networks such as Ethereum, Arbitrum, and zkSync. Per details of the investment, Binance poured about $10 million into Helio. 
Helio, which is the third-largest decentralized finance (DeFi) protocol on the BNB network, plans to grow into a liquid staking platform. Thus, this capital infusion comes at a very strategic time for the company. 
<h2 class="wp-block-heading" id="h-binance-partners-with-liquid-ahead-of-launch-in-japan"><a></a>Binance Partners with Liquid Ahead of Launch in Japan</h2> 
Ahead of the August 14 launch of its <a href="https://coinedition.com/binance-japan-returns-with-34-token-listing-and-spot-trading-service/" rel="noopener noreferrer nofollow">Japanese arm</a>, Binance has partnered with Liquid, a biometric data authenticat… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-invests-10-million-in-helio-partners-with-liquid-for-kyc/">Binance Invests $10 Million in Helio, Partners With Liquid for KYC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance Invests $10 Million in Helio, Partners With Liquid for KYC

Table of Contents

Coin Edition

Other articles published on Aug 11, 2023

Shiba Inu-Dogecoin Correlation Weakens: SHIB Continues to Rally

Shiba Inu Expected To Hit $1? Here’s When

India's National Browser to Enable Crypto-based Digital Signatures

BREAKING! US PPI Data Announced! What Was The Initial Reaction Of Bitcoin And The Dollar?

SEC Extends Review of Ark 21Shares Bitcoin ETF Application

Binance Applies for AML Compliance Registration with Taiwan’s FSC

Join our free newsletter for daily crypto updates!