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Friday, November 8, 2024

Binance Invests €100M in French Startups

The crypto exchange announced a partnership with the Paris incubator Station F. Startups will receive support from the teams of BNB Chain, NFT Labs and Binance Labs

Binance announced an investment of €100 million ($108 million) in startups from France, writes The Block , citing the CEO of the crypto exchange, Changpeng Zhao. During the Blockchain Week summit taking place in Paris, Zhao announced a partnership with the Paris-based incubator Station F and expanding the company’s activities in Europe.

Zhao believes that France has a unique opportunity to become the leader of the crypto industry in Europe. Binance already has a team of about 50 people in the country, the head of the exchange added. As part of the cooperation with Station F, startups will be able to receive support from the BNB Chain, NFT Labs, and Binance Labs teams.

Zhao also said that Binance is starting to test customer support over the phone line, starting with Turkish. At the moment, the company’s support service is working in writing. Going forward, the exchange expects to introduce phone support in all markets.

Binance will suspend withdrawals on April 14, PT due to maintenance work. They will last about three hours. The update will affect the networks of Bitcoin, Ethereum, Binance Coin, XRP, Dogecoin, Polkadot and others. The full list is published on the official website of the trading platform.

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