Bitcoin
Bitcoin (BTC)
$68,361.00 1.17598
Bitcoin price
Ethereum
Ethereum (ETH)
$3,747.43 -0.77066
Ethereum price
BNB
BNB (BNB)
$595.30 -0.07299
BNB price
Solana
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$166.90 -1.30298
Solana price
XRP
XRP (XRP)
$0.5194230 -0.79036
XRP price
Shiba Inu
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$0.0000259 -7.5273
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Pepe
Pepe (PEPE)
$0.0000144 -3.05383
Pepe price
Bonk
Bonk (BONK)
$0.0000338 -8.64999
Bonk price
Bitcoin
Bitcoin (BTC)
$68,361.00 1.17598
Bitcoin price
Ethereum
Ethereum (ETH)
$3,747.43 -0.77066
Ethereum price
BNB
BNB (BNB)
$595.30 -0.07299
BNB price
Solana
Solana (SOL)
$166.90 -1.30298
Solana price
XRP
XRP (XRP)
$0.5194230 -0.79036
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -7.5273
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.05383
Pepe price
Bonk
Bonk (BONK)
$0.0000338 -8.64999
Bonk price
Bitcoin
Bitcoin (BTC)
$68,361.00 1.17598
Bitcoin price
Ethereum
Ethereum (ETH)
$3,747.43 -0.77066
Ethereum price
BNB
BNB (BNB)
$595.30 -0.07299
BNB price
Solana
Solana (SOL)
$166.90 -1.30298
Solana price
XRP
XRP (XRP)
$0.5194230 -0.79036
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -7.5273
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.05383
Pepe price
Bonk
Bonk (BONK)
$0.0000338 -8.64999
Bonk price
Bitcoin
Bitcoin (BTC)
$68,361.00 1.17598
Bitcoin price
Ethereum
Ethereum (ETH)
$3,747.43 -0.77066
Ethereum price
BNB
BNB (BNB)
$595.30 -0.07299
BNB price
Solana
Solana (SOL)
$166.90 -1.30298
Solana price
XRP
XRP (XRP)
$0.5194230 -0.79036
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -7.5273
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.05383
Pepe price
Bonk
Bonk (BONK)
$0.0000338 -8.64999
Bonk price
SirWin
SirWin
SirWin

Binance Labs invests in BounceBit to advance Bitcoin utilization

binance-labs-invests-bouncebit
Edited by
News
Binance Labs invests in BounceBit to advance Bitcoin utilization

Binance Labs invests in BounceBit to transform Bitcoin’s role with innovative solutions.

Binance Labs, the venture capital and incubation division of Binance, has invested in BounceBit, a Bitcoin restaking and centralized decentralized finance (cedefi) protocol.

“BounceBit unlocks new avenues for Bitcoin’s utilization with the fusion of cefi and defi.”

Yi He, Co-Founder of Binance and Head of Binance Labs

He also emphasized Binance Labs’ commitment to supporting innovators reshaping the industry with secure and transparent cedefi solutions.

BounceBit aims to transform Bitcoin from a passive asset into an actively engaged ecosystem component. By enabling Bitcoin’s participation in network validation and yield-generating activities without altering its blockchain, BounceBit introduces a novel approach to digital asset empowerment.

A seasoned team leads the protocol with diverse expertise across decentralized and traditional finance and layer 1 blockchain technology. Prioritizing security and transparency, BounceBit employs regulated custody and Multi-Party Computation (MPC) alongside innovative solutions like Ceffu’s Mirror X and off-exchange settlement to mitigate counterparty risks.

“It is our mission to build restaking infrastructure to drive the utilization of Bitcoin in a secure and transparent manner. Our focus on cedefi and developing a robust restaking ecosystem is just the beginning.”

Jack Lu, BounceBit Founder and CEO

With the backing of Binance Labs, BounceBit is set to explore new possibilities for Bitcoin (BTC). It aims to enhance yield generation and broaden its applications through a secure and efficient proof-of-stake (PoS) layer 1 ecosystem.