Binance launches research arm | BitMEX launches venture arm | SEC charges decentralized exchange founder
|Nov 8, 2018|| 2|
“I had a small dinner with people running crypto funds, exchanges, and projects on my last day in Tokyo, and the level of excitement seems to still be very high.” — Eric Meltzer, co-founder Primitive Ventures
The Big Block
Binance, the largest cryptocurrency exchange in the world, announced Thursday that it is launching a new division called Binance Research. The newly formed division is striving to provide “in-depth analysis and data-driven insights of digital assets by generating unbiased, institutional-grade research reports”.
Binance Research becomes the company’s third education initiative to launch this year. Binance Info launched in February to provide a database of information on various cryptocurrencies. In August, it launched Binance Academy, an education platform for users to take lessons on blockchain and cryptocurrencies, spanning basic to advanced knowledge.
Binance Research will release in-depth reports detailing specific cryptocurrency projects, all of which are already listed for trading on Binance. With the new initiative, Binance becomes the second exchange after Circle to produce such reports and far from the only organization in the space. Messari’s Agora is already releasing similar crypto asset reports through its research community.
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Around The Block
BitMEX joins its rivals in launching its own VC arm
Seychelles-based BitMEX, a platform that offers peer-to-peer trading of leveraged bitcoin contracts, has joined its rivals in launching a venture-capital unit to identify potential crypto firms to invest in, The Block has learned.
The new arm of the firm, which has not been previously reported on, is being led by Kumar Dandapani, global head of BitMEX Ventures. Dandapani, a University of Pennsylvania graduate, joined the firm in 2018. Previously, Dandapani was a partner at Nth-Degree Analytics, a quant research, and development firm. — More
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