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YZi Labs, the family office of Canadian Binance co-founder Changpeng Zhao and his partner, Binance co-CEO Yi He, made a “multi-eight-figure” investment in the privacy-focused trading platform, Genius CEO Armaan Kalsi told crypto news outlet The Block. Zhao will join Genius as an advisor. Genius plans to use the money to speed up development for its public launch in late 2026 and provide more trading liquidity in the markets it supports. (The Logic)
Talking point: Genius is what’s known as a decentralized exchange, a crypto platform that runs automatically based on software and lets parties trade with each other directly. In contrast, centralized platforms like Binance require users to trust that their operators won’t disappear, steal their money or use it to make their own trades—a proposition with a long history of working out badly. Despite the risks, centralized platforms still dominate trading volume, but decentralized exchanges account for a rising share, charging lower trading fees and increasingly offering popular tokens that can’t be traded elsewhere.
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