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