Binance launches regional hub in Georgia

Binance, one of the world's largest cryptocurrency exchanges, is expanding its global reach with the opening of a new blockchain hub in Georgia.

The move is aimed at promoting further adoption of cryptocurrencies in the country, creating more job opportunities, and attracting talent to the Georgian blockchain sector, Vesti Kavkaza reports.

Binance referred to the hub as a "Web3 outpost," and it intends to use it to promote industry education and innovation, as well as to organize educational and hackathon events. The hub is expected to create dozens of new jobs by the end of 2023, in addition to the 25 people already employed by Binance's Georgia division.

Binance's expansion into Georgia is part of the company's broader strategy to expand its global reach and promote the adoption of cryptocurrencies around the world. The company has been actively seeking out new markets and partnerships, and has launched a number of new initiatives aimed at increasing awareness and adoption of cryptocurrencies.