Head of Binance Labs Bill Qian Is Leaving the Firm

The announcement comes a few days after the venture capital arm of the world's largest crypto exchange said it raised a $500 million fund.

AccessTimeIconJun 3, 2022 at 9:17 a.m. UTC
Updated May 11, 2023 at 4:14 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Bill Qian, the head of Binance Labs, the venture capital arm of Binance, which is the world's largest crypto exchange by trading volume, is leaving the firm.

  • "We don't comment on people moves at Binance as a matter of policy. However, we can confirm that Bill is leaving Binance for personal reasons," a Binance spokesperson said.
  • The Block had earlier reported the move, citing several people familiar with the matter. Nicole Zhang, Binance Labs' executive director, also left the firm last month, according to her LinkedIn profile.
  • Earlier this week, Binance Labs said it raised a $500 million fund to invest in Web 3 and blockchain firms.
  • The fund received investments from DST Global Partners, Breyer Capital, Whampoa Group and other private equity funds.
  • Key Events You Shouldn't Miss at Consensus 2024
    02:13
    Key Events You Shouldn't Miss at Consensus 2024
  • What to Expect From Consensus 2024
    11:19
    What to Expect From Consensus 2024
  • Will Solana and Altcoins Dominate the Market Next?
    13:29
    Will Solana and Altcoins Dominate the Market Next?
  • What's Next for FIT21?
    07:15
    What's Next for FIT21?
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Parikshit Mishra

    Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about