Binance Labs’ venture wing will make a significant investment in Koi Trading, a US over-the-counter (OTC) crypto trading desk. In a press release to the media, Binance Labs announced that it has committed to a $3 million investment in the San Francisco-based trading platform.

“Koi Trading’s mission is to bridge fiat and cryptocurrencies in a compliant manner,” said in the press release Ella Zhang, head of Binance Labs. “This aligns with our broader vision at Binance to build the infrastructure which provides the freedom of value exchange globally.”

In addition to their California headquarters, Koi Trading has satellite offices in Hong Kong and Europe. According to its website, Koi Trading’s goal is to be a compliant global option for private cryptocur…

This article appeared first on Cryptovest

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