EZ Labs invests tens of millions in DEX advised by Changpeng Zhao

EZ Labs, formerly known as Binance Labs, has invested tens of millions of dollars in Genius Trading, a company where Binance founder Changpeng Zhao serves as an advisor, The Block reported. Genius Trading is developing a privacy-focused decentralized trading platform. The platform aims to be an on-chain version of Binance, offering spot and perpetual futures trading, as well as copy trading, through a self-custodial cross-chain terminal. The specific use of the investment funds was not disclosed.