Binance announces 100 million euro investment in France

Exchanges • April 13, 2022, 4:38AM EDT
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Binance has announced a 100 million euro ($108 million) investment in France and a partnership with Paris-based startup incubator Station F as the crypto exchange giant expands its footprint in Europe. 

"France is uniquely positioned to be the leader of this industry in Europe," Binance CEO Changpeng Zhao said from the stage at the Paris Blockchain Week Summit on Wednesday, adding that the company already has a team of about 50 people in the country.  

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

"For all the people willing to better understand blockchain and crypto, we hope this place will help them to enter the web3 world,"  said Roxanne Varza, director of Station F. 

Speaking in the Paris summit's opening address, Zhao also said that Binance is piloting phone line customer support, starting with support in Turkish. The company, which currently relies on chat-based support, hopes to eventually roll out phone-based support in all markets. 

AUTHOR

Andrew Rummer profile picture Andrew Rummer

Andrew Rummer is executive editor for The Block Pro, based in London. He was previously managing editor at Bloomberg News and led special projects at Finimize. He has a degree in engineering from the University of Oxford. Follow him on Twitter at @AJRummer.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Andrew Rummer