• Binance, the world’s largest crypto exchange by trading volume, has opened a regional hub in Georgia as part of its global expansion.
• The hub will focus on talent acquisition, blockchain education and crypto adoption in the region.
• In February 2023, Binance signed an MoU with the Agency for Innovation and Technology of Georgia (GITA) to work together on blockchain-related projects.

Binance Launches New Regional Hub in Georgia

Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Monday that it had opened a regional hub in Georgio. This move is part of the exchange’s global expansion efforts that seeks to ramp up talent acquisition, promote blockchain education, and accelerate crypto adoption in the region.

Binance’s Georgian Division

The Binance Georgian division currently has 25 employees who are working with local public and private sectors to organise educational and hackathon events. The cryptocurrency exchange expects to create dozens more jobs in the region before the end of the year. Giorgi Chagelishvili, Binance’s Georgia general manager commented; „The opening of the hub in Georgia is a logical continuation of the dialogue that we started with the government last year.“

Visit from CEO Changpeng Zhao

In November 2022, Binance’s CEO Changpeng Zhao (CZ) visited Georgia for the first time where he met with Prime Minister Irakli Garibashvili and local business and crypto communities. CZ also stressed on how innovative Georgia is among other countries when it comes to level of cryptocurrency adoption.

MoU with GITA

In February 2023, Binance signed a memorandum of understanding (MoU) with GITA – Agency for Innovation and Technology of Georgia – to work together on various blockchain-related educational and community projects as well as growth opportunities for cryptocurrencies within the country.

Conclusion

With its regional hub established in Georgio, Binance looks forward to increasing talents acquisition rates while promoting better understanding about cryptocurrencies through education initiatives as well as driving wider acceptance throughout this small nation.