Binance boosts blockchain industry in Georgia with new regional hub of CoinEdition

by Arthur · March 27, 2023

Binance is opening a new hub in Georgia to expand its presence in the rapidly growing blockchain industry.
The move follows a number of strategic partnerships, initiatives and community events in Georgia.
The new hub is part of the company’s larger plan to establish a global network of blockchain hubs.

Binance, the world’s largest cryptocurrency exchange, has announced the opening of a new regional hub in Georgia. The new outpost is part of the company’s strategy to expand its presence in the fast-growing blockchain industry and promote crypto adoption in the region.

With a team of 25 people already in place, Binance plans to increase hiring and add tens of more jobs by the end of 2023. The company will also step up efforts to strengthen blockchain education and support the development of Georgia’s crypto industry.

The move follows a number of strategic partnerships, initiatives and community events in Georgia. Earlier this year, Binance announced partnerships with CityPay and the Georgian Innovation and Technology Agency, launched a Binance Charity initiative to support women-focused Web3 education, and hosted a BNB Chain hackathon.

In addition, Binance has signed agreements with several top educational institutions in Georgia to provide educational materials and organizational support to help partner institutions up the game in blockchain education.

Binance’s expansion into Georgia is part of the company’s larger plan to establish a global network of blockchain hubs. The company has already set up regional hubs in Malta, Uganda and Jersey, among others. These hubs are designed to provide local support to the company’s global operations and promote blockchain development in their respective regions.

The move comes as blockchain adoption is increasing in Georgia, with the government actively promoting blockchain technology in various sectors. For example, in 2019, the country implemented a blockchain-based property registration system and launched a blockchain-based academic credential verification platform.

Binance’s decision to open a regional hub in Georgia is expected to further boost the country’s blockchain ecosystem and attract more investment. The move is also likely to create new job opportunities in the technology sector and drive regional innovation.

Overall, Binance’s new regional hub in Georgia represents a major step forward for blockchain development in the Caucasus and Central Asia regions. With the company’s global expertise and resources, the hub is expected to play a key role in promoting blockchain adoption and driving innovation in the region for years.