Binance Expands Investments and Focuses on Bitcoin Integration

Binance is actively continuing its investments and preparing for bullish markets. Every cryptocurrency exchange has an investment arm, and for Binance, it is Binance Labs. A recent announcement revealed that Binance Labs is providing investment support for a Bitcoin $86,924-focused initiative.

Binance News

The company has accelerated its focus on DeFi and artificial intelligence investments and has now invested in Lombard, which concentrates on integrating Bitcoin with DeFi. Both individual and institutional investors can earn returns on their assets by utilizing DeFi. They can achieve this through the first Bitcoin liquid staking token, LBTC, developed by Lombard.

“Through its collaboration with Babylon, Lombard aims to bridge the gap between Bitcoin’s economic value, security capabilities, and dynamic opportunities in DeFi. Since its launch in August, Lombard has collected $500 million in BTC from over 12,500 users. Lombard is currently in Phase 2 of its roadmap, focusing on integrating LBTC with leading Ethereum $2,052 DeFi protocols. Phase 3 will deepen the integration of LBTC with Babylon’s Bitcoin Staking Protocol and enable distribution across multiple networks.”