Binance establishes another regional hub in Europe amid US spat

[Coinpedia Fintech News]

Binance, the world’s leading cryptocurrency exchange, has announced the opening of a new regional hub in Georgia to promote blockchain education, accelerate crypto adoption, and boost talent acquisition in the Eastern Europe and Western Asia region. The move comes after Binance announced a series of strategic partnerships, initiatives, and community events in Georgia, which has become an important country for Binance due to its strategic location and crypto-friendly regulations.

The new hub will facilitate educational initiatives, create dozens of jobs, and strengthen crypto development in the country. Binance has been actively engaging with the Georgian crypto community through three community meetups that attracted over 2,000 people. The exchange has also partnered with CityPay, the Georgian Innovation and Technology Agency (GITA), and launched a Binance Charity initiative to support women-focused Web3 education.

Binance’s CEO Changpeng Zhao (CZ) visited Georgia in November and met with Prime Minister Irakli Garibashvili and the local business and crypto communities. Binance’s expansion in Georgia is a part of its offshore expansion strategy, as the exchange continues to face regulatory crackdowns in the US. Georgia’s crypto-friendly regulations, strategic location, and innovation make it a perfect location for Binance to expand its presence in the region.