Opening a promising 2022, Binance Labs, the investment division of the Binance exchange, has just announced a strategic investment in Coin98 to jointly develop the DeFi ecosystem of Binance Smart Chain.

Binance Labs makes a strategic investment in Coin98 to develop DeFi on BSC

Through this partnership, Coin98 will help build DeFi infrastructure on Binance Smart Chain (BSC), including NFT Marketplace, launchpad, AMM, and make DeFi accessible to everyone.

Head of Binance Labs Bill Chin commented:

“We hope Coin98 can contribute to the growth of DeFi in the BSC ecosystem through this strategic investment. There are many features in Coin98’s vision and users of the BSC ecosystem will be excited to see these features.”

The products Coin98 is building include Coin98 Wallet, Coin98 Exchange, Space Gate Interchain Bridge and a number of other projects.

Coin98 founder Thanh Le shared:

“Binance Smart Chain is the network that Coin98 wallet users use the most for transactions. Therefore, we hope that through the support from Binance Labs, the user base of Coin98 platforms will grow even more.”

Binance Labs is one of the prominent investment funds in the cryptocurrency market. The names that have been funded by Binance Labs include 1INCH, Audius (AUDIO), Axie Infinity (AXS), Band Protocol (BAND), Polygon (MATIC), DODO, The Sandbox (SAND), …

Binance Labs Investment Portfolio

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