Binance Invests in Multicoin Capital

Binance has made a strategic investment in Multicoin Capital, making us a limited partner in the crypto-focused hedge fund. This is the first investment we have made of this nature. As a result, we will continue working closely with Multicoin Capital to explore new opportunities for blockchain, including development and market expansion.

Founded in 2017, Multicoin Capital is one of the leading investment firms in crypto. They are known for their domain expertise, their contrarian, thesis-driven investment style, and their rigorous research and analysis. We have worked with Multicoin Capital on several occasions, mainly to identify, incubate, and invest in several early-stage blockchain projects. With this new investment, we affirm our conviction in Multicoin’s process and expertise as fund managers. 

“Multicoin Capital has been instrumental in some of the biggest success stories in crypto. They work extremely hard on behalf of their investments, and have developed a keen eye for identifying emerging projects and anticipating disruptive innovations that impact public markets,” said Binance CEO Changpeng Zhao (CZ). “The firm has a strong track record and a unique knowledge of emerging assets that extend well beyond Bitcoin. They are the best at what they do, and we are glad to join them as limited partners. We look forward to working more closely together in the broader industry.”

With this investment, we join firms like Ribbit Capital and Union Square Ventures, as well as individuals including Marc Andreessen, a founding managing partner at Andreessen Horowitz, and David Sacks, the founder of Craft Ventures and the first chief operating officer of PayPal Holdings Inc., in becoming Multicoin Capital’s limited partners.

“We have invested thousands of hours researching Binance and can say unequivocally that it is one of the most strategically important infrastructure providers in the blockchain ecosystem,” said Tushar Jain, Managing Partner, Multicoin Capital. “We are proud to welcome Binance into our group of limited partners. This investment represents a major vote of confidence for our firm and a significant responsibility that we are prepared to take on.”

Further terms of the deal were not disclosed.