Binance Announces €100M Investment Project, Partners With Station F

Today April 13, Binance announced the opening of a €100 million ($108 million) investment in France, at the Paris Blockchain Week Summit. The exchange partnered with Station F, the world’s largest startup campus in Paris, as part of Binance’s expansion of its footprint in Europe.

Binance Founder and CEO Changpeng Zhao (CZ) explains:

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

Notably, this opening is part of the “Objective Moon” program announced last November by CZ. In addition, France is uniquely positioned to be the leader of this industry in Europe, CZ said. He added that his firm already has a team of around 50 people in the country.

As a part of the deal, startups will benefit from the support of BNB Chain, NFT Labs, and Binance Labs teams to develop their ideas and potential collaborations with Binance partners.

Station F Director Roxanne Varza said,

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 web3 world.

Furthermore, CZ also said that Binance is directing phone line customer support, starting with support in Turkish. The firm, which currently relies on chat-based support, hopes to ultimately roll out phone-based support in all markets.