Binance Opens a Hub in Georgia for the Development of the Cryptocurrency and Blockchain Industry

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The Binance cryptocurrency exchange announced the opening of its hub in Georgia, the main task of which will be to attract talent in the field of blockchain technologies.

The exchange also plans to develop educationaland public initiatives in the field of blockchain and Web3, as well as the further development of the crypto industry in Georgia. Currently, the Binance team in Georgia consists of 25 people. 

“With the launch of the regional center, we expectthat by the end of 2023, dozens more jobs will be added. In addition to ramping up hiring, Binance is intensifying efforts to strengthen blockchain education and accelerate cryptocurrency adoption in the region,” the company said.

Vladimir Smerkis, head of regional development at Binance, noted that he considers Georgia one of the most innovative countries in the region. He added that for Binance, “this is an important point on the map.”

“Opening a hub in Georgia is logicalcontinuation of the dialogue we began with the government last year. Thanks to the hub, we will place even greater emphasis on Binance’s regional presence,” added Georgiy Chagelishvili, general manager of Binance in Georgia.

In November 2022, CEOBinance Changpeng Zhao visited Georgia for the first time. During this visit, he met with Prime Minister Irakli Garibashvili, as well as the local crypto community. 

In February, Binance signed a memorandum of understanding with the Georgian Innovation and Technology Development Agency (GITA) to organize educational events on the topic of blockchain and crypto assets.