Former Binance Executives Launch $100M Crypto Fund – TechCrunch

On Thursday a group of former executives from Binance, one of the world’s largest cryptocurrency exchanges, have created a $100 million venture fund

The fund aims to spur the adoption of cryptocurrency in markets including Africa and Latin America

Zhang was responsible for a number of acquisitions and strategic investments including FTX, Multicoin Capital, and Certik

“More and more VCs are looking for ways to invest in crypto projects,” Zhang said

 Noting that market downturns provide investors looking to deploy capital into the space with clarity on which bets to make

Wei Zhou, the former CFO of Binance, will serve as a strategic advisor and investor at OFR, and its venture arm will be backed by partner Jiang Xin

Since [the fund] is newly started, we can find cheaper and more reasonable valuations during the market downturn