With a new $500m vehicle, Binance became the latest crypto company to amass huge piles of capital to build up the industry.

Cryptocurrency exchange Binance’s freshly-closed $500m investment fund highlights a new species of CVC investor that has been on the rise — the cryptocurrency company that has set up its own CVC arm and is investing in younger crypto startups at a frenetic pace to build up the ecosystem. The half-billion-dollar vehicle, which will be part…

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