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 rapidly growing blockchain industry and to promote crypto adoption in the region.
With a team of 25 people already in place, Binance plans to ramp up hiring and add dozens 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 series 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 their 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 for the company’s global operations and promote blockchain development in their respective regions.
The move comes when blockchain adoption is on the rise in Georgia, with the government actively promoting blockchain technology in various sectors. For example, in 2019, the country implemented a blockchain-based system for real estate registration and launched a blockchain-based platform for verifying academic credentials.
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 will also likely create new job opportunities in the tech 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.
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Source: Cryptocurrency - investing.com
