YZi Labs Invests in Genius Trading to Enhance Cross-Chain Trading
- YZi Labs, the venture arm of Binance, has invested an undisclosed eight-figure sum in Genius Trading.
- Changpeng Zhao, former CEO of Binance, is joining Genius Trading as an advisor.
- The public launch of the cross-chain trading terminal is expected by late 2026.
- Genius Trading’s platform has facilitated $60 million in trading volume since its test operations began in October.
- The platform uses multi-party computation (MPC) for secure and private trading across multiple blockchains.
This investment highlights YZi Labs’ commitment to developing blockchain technology and enhancing interoperability among existing ecosystems without launching new tokens or networks. The collaboration aims to provide a secure alternative to decentralized exchanges while maintaining user privacy.
With $60 million already processed, Genius Trading is positioned to revolutionize cross-chain transactions as it prepares for a full launch by late 2026.(Source)
