Crypto Exchange Binance To Open 100M Euro Web 3 Space in France

Cryptocurrency exchange Binance has announced plans to expand its investments and operations into Paris's mega startup campus, STATION F.

The company said Wednesday that the program gathers a 100 million euros investment in France to make the country the heart of the European crypto community.

By providing customized support from the BNB Chain, NFT Labs, and Binance Labs teams to design, develop and improve their ideas and projects, the crypto exchange will also connect projects and startups to its partners and facilitate collaborations with “major players in the ecosystem.”

Changpeng Zhao, founder and CEO of Binance, described the new space as the creative and innovative launchpad of his company’s footprints in Europe.

“We love France. And this opening is proof of engagement. We are committed to build and support a strong ecosystem around blockchain, Web.3 and metaverse. Starting in France as a launchpad for Europe, we aim at using this space as our creative and innovative base,” said Zhao.

The company's efforts in joining the STATION F are part of the “Objective Moon” program announced last November.

“We are so proud and excited to welcome the leading international player of the web.3 economy to STATION F. For all the people willing to better understand blockchain and crypto, we hope this place will help them to enter the Web.3 world”, said Roxanne Varza, Director of STATION F.

“Our space in STATION F will allow us to support creators and entrepreneurs. We will boost startups and creative projects providing the best connections with our branches and partners”, said David Prinçay, CEO Binance France.