Binance Labs Announces Strategic Investment in Coin98 to grow DeFi in BSC Ecosystem

Main takeaways

  • Binance Labs broadcasts a strategic funding in Coin98, a number one all-in-one DeFi platform constructing a full suite of merchandise, together with Coin98 Wallet, Coin98 Exchange, and Space Gate cross-chain bridge to migrate tokens throughout networks.

  • Coin98 will contribute to DeFi infrastructure on Binance Smart Chain (BSC) by means of the strategic funding.

Binance Labs, the enterprise capital and innovation incubator of Binance, is happy to announce the latest strategic funding in Coin98, an all-in-one DeFi platform that helps bridge hundreds of thousands of TradFi customers to DeFi.

Coin98 will speed up the platform’s improvement by means of this strategic funding and contribute to the BSC Ecosystem by constructing DeFi infrastructures together with NFT Marketplace, token launch platform, AMM on Binance Smart Chain, and making DeFi on BSC accessible to everybody. 

To assist Coin98’s long-term imaginative and prescient, Binance Labs will present the group with the applied sciences, session, and incubation providers wanted. 

Bill Chin, Head of Binance Labs Fund, mentioned:  “We hope that Coin98 can contribute to the development of DeFi within the BSC ecosystem through the strategic investment. There are many features that we are looking forward to seeing that Coin98 is coming up with and we think that the users of the BSC ecosystem will be excited about these too.”

Meet Coin98: A Leading All-in-One DeFi Platform 

With the mission of fulfilling the untapped demand in the DeFi area and turning into a Gateway for TradFi customers to entry DeFi world and Web3 future simply, Coin98 is constructing a full suite of merchandise, together with Coin98 Wallet, Coin98 Exchange, Space Gate (cross-chain bridge) and extra beneath improvement options. 

  • Coin98 Wallet is a non-custodial DeFi, NFT, and Web3 pockets. Coin98 Wallet now helps customers to retailer, handle, and commerce tokens on over 40 blockchains similar to Binance Smart Chain, Ethereum, Solana, Polygon, Avalanche, Terra, and so on., on cellular (iOS & Android), Chrome Extension, and Web variations. 

“Binance Smart Chain is the most used network on the Coin98 Platform regarding active address and trading volume. With the upcoming BSC-based products, we can’t wait to drive these numbers even higher when having support from Binance Labs,” mentioned Thanh Le, Founder of Coin98.

Binance Labs: The Venture Capital Arm and Incubator of Binance

Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, offering financing to business tasks that assist grow the bigger blockchain ecosystem. Binance Labs is dedicated to supporting fast-executing groups who positively influence the crypto area.

You can discover the latest investments of Binance Labs right here:

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