Genius Positioning Clarified: CZ Addresses Market Speculation
Recently, Binance founder CZ addressed discussions around Genius Trading and its relationship with Aster. He clearly stated that Genius is not a competitor, but rather a trading terminal connecting Perp DEX platforms for perpetual contracts.
Strategic Investment in Tens of Millions
According to yesterday's report, YZi Labs has injected a significant investment into Genius Trading, reaching tens of millions of USD. This move reflects confidence in Genius’ technological potential and provides strong financial backing for its future development.
CZ Joins Advisory Team to Support Growth
With this investment secured, CZ has also announced his advisory role with the Genius project. His involvement brings valuable industry expertise and resources, supporting Genius’ expansion in the decentralized trading space.
Details on Investment Remain Under Wraps
Armaan Kalsi, Genius co-founder and CEO, revealed that the investment from YZi Labs took place last month and significantly exceeded $10 million. However, he refrained from disclosing the exact amount, investment structure, or whether Genius plans to issue its own token.