Analysis by CoinGecko final yr discovered that Binance Labs had made a complete of 177 investments as of September 2023, rating the ninth most lively amongst its friends, a comparable determine to companies reminiscent of Pantera Capital and Digital Forex Group and barely lower than Animoca Manufacturers. Coinbase Ventures was comfortably probably the most lively crypto enterprise capital firm within the interval, with 372 investments, in accordance with the analysis.