Binance Labs announces a strategic investment in Coin98, a leading all-in-one DeFi platform building a full suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate cross-chain bridge to migrate tokens across networks. Besides, Coin98 will contribute to DeFi infrastructure on Binance Smart Chain (BSC) through strategic investment.
Bill Chin, Head of Binance Labs Fund, said: “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.”
Coin98 will accelerate the platform’s development through this strategic investment and contribute to the BSC Ecosystem by building DeFi infrastructures, including NFT Marketplace, token launch platform, AMM on Binance Smart Chain, and making DeFi on BSC accessible to everyone.
To support Coin98’s long-term vision, Binance Labs will provide the team with the technologies, consultation, and incubation services needed.
With the mission of fulfilling the untapped demand in the DeFi space and becoming a Gateway for TradFi users to access DeFi world and Web3 future easily, Coin98 is building a full suite of products, including Coin98 Wallet, Coin98 Exchange, Space Gate (cross-chain bridge) and more under development features.
Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, financing industry projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting fast-executing teams who positively impact the crypto space.
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