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Changpeng Zhao’s Binance unveils regional web3 hub in Georgia 

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Binance has announced the launch of its new regional hub in Georgia, to foster blockchain education and accelerate web3 adoption in the region.

Binance’s Georgian web3 hub launched 

As part of plans to foster blockchain adoption and accelerate crypto adoption in Georgia, Binance, the world’s largest bitcoin (BTC) trading venue has established a new web3 regional hub in the country.

Per a blog post by the exchange, Binance currently boasts a 25 people-strong team in the transcontinental country and it’s aiming to attract more talent to the region’s web3 space, champion educational initiatives, and accelerate the development of Georgia’s blockchain ecosystem.

Georgia is located at the intersection of Eastern Europe and Western Asia, on the coast of the Black Sea. 

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The exchange says it plans to create more jobs and expand its Georgian workforce this year, while also stepping up efforts to strengthen blockchain education and boost cryptocurrency adoption in the country.

Productive cooperation 

Binance says the launch of the new web3 regional hub is a culmination of months of “productive cooperation” with the region’s public and private tech organizations, universities, and the government.

Vladimir Smerkis, Binance’s regional director noted that Georgia remains one of the most innovative nations within the Caucasus region, as such the country is an important destination for Binance. 

“To date, we have conducted three community meetups in Georgia, with over 2,000 people attending in total. We see a massive potential and interest, both from the crypto community and businesses, in the development of the country’s digital assets sector.”

Vladimir Smerkis, Binance regional director.

Despite witnessing its fair share of controversies and FUD in recent months, Binance remains at the forefront of the global web3 movement, with a presence in virtually all the continents of the world. 

Binance, which backed out of a deal to take over CoinDesk earlier this month, temporarily halted spot trading on its platform following a severe bug on March 24. However, the issue was promptly resolved by the team.

Changpeng Zhao’s Binance unveils regional web3 hub in Georgia  - 1
BNB 24-hour chart. Source|CoinGecko

At the time of writing, BNB, the native token of the Binance ecosystem is the world’s 4th-largest crypto. BNB is exchanging hands for $328.32, with a market capitalization of $51,811,580,619, according to CoinGecko. 

Read more: Crypto YouTube: week in review

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