Binance Opens Hub in Georgia

The crypto exchange Binance has launched a new blockchain hub in crypto-friendly Georgia

Binance Opens Hub in Georgia

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Binance announced it has opened a new blockchain hub in Georgia, with the goal to promote further adoption of crypto in the country.

With the new initiative, Binance intends to attract more talent to the Georgian blockchain sector, promote education in the industry and create more job opportunities for blockchain professionals.

The crypto exchange’s local team currently employs 25 people, but the company has the intention to create “dozens more jobs” by the end of 2023. Binance’s employees in Georgia cooperate with the local public and private sectors and organize educational or hackathon events.

The launch is part of the wider Binance’s strategy, reflecting the firm’s gradual expansion in the crypto-friendly country.

Earlier this year, Binance partnered with the local crypto payment gateway CityPay. It also collaborated with the Georgian Innovation and Technology Agency (GITA) and launched the Binance Charity initiative to support women-focused Web3 education in the country.

The partnership with GITA is aimed at supporting Binance’s large-scale educational and community initiatives conducted to accelerate the development of the digital asset industry in Georgia. Recently, BNB Chain hosted a three-day Web3 hackathon in Georgia in the framework of this partnership.

Furthermore, Binance partnered with a few Georgian educational institutions, including the Georgian Business and Technology University (BTU), Alte University, Kutaisi International University, Georgian American University (GAU), and Caucasus University, to provide educational materials and organizational support in the field of a blockchain education.

Binance CEO Changpeng “CZ” Zhao first visited Georgia in November 2022. He met with the country’s prime minister Irakli Garibashvili and the local business and crypto communities, noting a “huge potential and interest” in crypto.

In February 2023, Binance signed a memorandum of understanding (MoU) to deliver cryptocurrency infrastructure in Georgia.

Nina Bobro

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Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.