DeFi News

Binance Labs Announces Strategic Investment in Coin98 to grow DeFi in BSC Ecosystem

Binance Labs announces a strategic investment in Coin98a 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.

Coin98: A Leading All-in-One DeFi Platform

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.

  • Coin98 Wallet is a non-custodial DeFi, NFT, and Web3 wallet. Coin98 Wallet now supports users to store, manage, and trade tokens on over 40 blockchains such as Binance Smart Chain, Ethereum, Solana, Polygon, Avalanche, Terra, etc., on mobile (iOS & Android), Chrome Extension, and Web versions.
  • Coin98 Exchange is a DEX aggregator that supports assets from various liquidity sources.
  • SpaceGate is a cross-chain bridge that enables swapping and transferring values across multiple networks.
  • NFT Marketplace, AMM, and token launch platform will be released soon.

Binance Labs: The Venture Capital Arm and Incubator of Binance

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.

Sources: Coincu

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