Binance Labs announced a strategic investment in coin98, the leading all-in-one DeFi platform, comprising integrated products such as the Coin98 Wallet, Coin98 Exchange, and cross-network token transfer services.
Coin98 Will Support DeFi Infrastructure on Binance Smart Chain (BSC) Through Strategic Investment
Binance Labs Venture Capital and Innovation Incubator We are delighted to announce a strategic investment in Coin98, the all-in-one platform connecting millions of users to DeFi.
Coin98 will accelerate platform development and participation in the BSC ecosystem by building the DeFi NFT Marketplace infrastructure, a platform for token launches, automated market maker (AMM) and making DeFi accessible to everyone on BSC.
To support Coin98’s long-term vision, Binance Labs will provide the technology. Consulting and services to the Coin98 team
Bill Chin, fund manager at Binance Labs, said: “We hope Coin98 will contribute to the development of DeFi within the BSC ecosystem through this investment. There is a lot we are looking forward to seeing with Coin98 and we believe users will be just as excited about it as we are.”
Coin98, the leading all-in-one DeFi platform
With the mission of fulfilling DeFi’s needs and providing an easy gateway for TradFi users to the future of DeFi and Web3, Coin98 is building a range of products including Coin98 Wallet, Coin98 Exchange, Space Gate (a bridge or a gateway). connecting various networks), etc.
Coin98 Wallet is a wallet for DeFi, NFT and Web3 that allows users to store Manage and buy-sell tokens on more than 40 blockchains such as Binance Smart Chain, Ethereum, Solana, Polygon, Avalanche, Terra, etc. Mobile support (iOS and Android), Chrome Extension and use on Web
- Coin98 Exchange is a DEX aggregator that supports assets from various sources.
- NFT Marketplace, AMM and token launch platform will be launched soon.
Coin98 founder Thanh Le said of Binance Labs, “Binance Smart Chain is the most active network on the Coin98 platform, measured by wallets being used and trading volume. We can’t wait to push for more usage. when supported by Binance Labs.”
Binance Labs Venture Capital and Incubator from Binance
Binance Labs defines investors and empowers blockchain entrepreneurs, start-ups, and communities. Funding projects that expand the blockchain ecosystem, Binance Labs is committed to supporting teams that are likely to make a positive impact on the crypto space.
You can find past investment data on Binance Labs here.
– Binance Labs Invests $1.5M in Seed Round for Cosmic Guild to Fund Scholarships and to Strengthen NFT Performance
– Binance Labs Joins $110M Series C Funding for Figment Platform
– Binance Labs Leads $60M Financing for Multichain Platforms
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