Binance Expands Global Reach with New Blockchain Hub in Crypto-Friendly Georgia


 Binance, a leading cryptocurrency exchange, has announced the opening of a new blockchain hub in Georgia, a crypto-friendly region. The new "Web3 outpost" is intended to promote crypto adoption in the country, attract talent to the Georgian blockchain sector, provide industry education, and create job opportunities.

Binance Expands Global Reach with New Blockchain Hub in Crypto-Friendly Georgia

Binance's Georgia division currently employs 25 people who organize educational and hackathon events in collaboration with the local public and private sector. The exchange expects to create dozens more jobs by the end of 2023 through the launch of its new regional hub.

Binance has been expanding its presence in Georgia, partnering with the local crypto payment gateway CityPay and collaborating with the Georgian Innovation and Technology Agency (GITA). Binance also launched the Binance Charity initiative to support women-focused Web3 education.

According to Vladimir Smerkis, Binance's regional director, Georgia is one of the most innovative countries in the region. The country has ambitions to become a major global crypto hub and is known for hosting a large number of Bitcoin ATMs, with more than 100 in the capital Tbilisi alone, according to CoinATMRadar.

Binance CEO Changpeng "CZ" Zhao visited Georgia in November 2022 and met with Georgia's prime minister and local business and crypto communities. With its new regional hub, Binance hopes to tap into the huge potential and interest in crypto in Georgia's local crypto community and businesses.

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