Cryptocurrency exchange Binance has announced the opening of a new regional hub in Georgia, with a focus on talent acquisition, blockchain education, and crypto adoption. The move comes after a series of strategic partnerships and community events in the region.
Binance’s New Regional Hub in Georgia
Binance’s new regional hub in Georgia aims to attract top talent to the blockchain sector, facilitate educational initiatives related to digital finance, and further the development of Georgia’s crypto industry. With the launch of the hub, Binance is set to add dozens of jobs by the end of 2023, in addition to its current team of 25 employees in Georgia.
Strengthening Blockchain Education
Binance has been actively collaborating with public and private sector organizations in Georgia to promote blockchain education and accelerate the development of the digital-asset industry. Earlier this year, Binance announced a strategic partnership with the Georgian Innovation and Technology Agency (GITA), a partnership with the Georgian Business and Technology University, and the launch of a Binance Charity initiative to support women-focused Web3 education. These initiatives aim to provide educational materials and organizational support to help partner institutions up their game in the field of blockchain education.
Accelerating Crypto Adoption
Binance’s regional hub in Georgia also aims to accelerate the adoption of crypto in the region. To this end, Binance has held several community events and initiatives, including a BNB Chain hackathon in partnership with GITA, which allowed developers to network with fellow BNB Chain builders and put their Web3 skills to the test. The winners of the hackathon received monetary prizes as well as permanent access to the BNB Chain developer programs.
Georgia’s Innovative Status
Binance’s regional director, Vladimir Smerkis, sees Georgia as one of the most innovative countries in the region and an important point on Binance’s map. Binance’s CEO Changpeng Zhao (CZ) visited Georgia for the first time in November 2022, meeting with Prime Minister Irakli Garibashvili and the local business and crypto communities. This meeting highlighted Georgia’s status as a hub for advanced financial technologies, strategically located and led by an innovation-driven government.
Binance’s new regional hub in Georgia represents a significant step forward in the development of the cryptocurrency industry in the region. By collaborating with public and private sector organizations, promoting blockchain education, and accelerating the adoption of crypto, Binance aims to further the development of Georgia’s crypto industry and attract top talent to the blockchain sector.