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

Binance Labs announced a strategic investment in Coin98. Coin98 is a leading DeFi one-stop platform, which includes Coin98 wallet, Coin98 trading platform, Space Gate cross-chain bridging service, etc.

After obtaining this round of strategic financing, Coin98 will be committed to building a DeFi infrastructure for Binance Smart Chain (BSC).

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Binance Labs, a venture capital institution and innovation incubator under Binance, announced a strategic investment in Coin98 . Coin98 is a DeFi one-stop platform dedicated to building a bridge to help TradFi users enter the DeFi world.

After obtaining this round of strategic financing, Coin98 will accelerate the pace of platform development and build DeFi infrastructure such as the NFT market, token issuance platform, and AMM on BSC to promote the development of the BSC ecosystem and benefit all BSC (Binance Smart Chain) users.

Binance Labs supports the long-term development vision of the Coin98 team and provides it with the required technology, consulting, and incubation services.

Bill Chin, the head of Binance Labs Fund, said: “We hope that through this strategic investment, we hope that the Coin98 team can play a better role in the BSC ecosystem and build a DeFi infrastructure. Many of the functions proposed by the team are what we hope to be able to implement. We believe that users in the BSC community have the same expectations.”

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Approaching Coin98: the leading one-stop DeFi platform

Coin98’s mission is to become a bridge for TradFi users to easily enter the DeFi world and the Web3 era, and to tap the unlimited potential of the DeFi world. Coin98 is currently developing a series of products and functions, including Coin98 wallet, Coin98 trading platform, Space Gate cross-chain bridging service and so on.

  • Coin98 wallet is a non-custodial DeFi, NFT, and Web3 wallet. It now supports the storage, management, and transaction of more than 40 blockchain tokens, including Binance Smart Chain (BSC), Ethereum, Solana, Polygon, Avalanche, Terra Etc., while supporting mobile terminal (iOS & Android), Chrome extension plug-in and web terminal use.
  • The Coin98 trading platform is a DEX aggregator that supports assets from multiple sources of liquidity.
  • SpaceGate is a cross-chain bridging service that can realize token swaps and transactions on multiple networks.
  • NFT market, AMM and token issuance platform will be available soon.

“BSC is the most used network on the Coin98 platform, and its number of active users and transaction volume is far ahead. We hope to launch our BSC product as soon as possible after receiving the support of Binance Labs to promote these data to continue to rise.” Coin98 founder Thanh Le said.

Binance Labs: Binance’s venture capital institution and incubator

Binance Labs looks for valuable blockchain entrepreneurs, start-ups and communities, invests and empowers them, provides financing services for industry projects, and helps the growth of the entire blockchain ecosystem. Binance Labs looks forward to supporting more teams with strong executive power that will promote the crypto asset industry.

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