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Binance Labs Invests in Coin98 for Further DeFi Developments -Breaking

by Mike Robinson

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Binance Labs makes an investment in Coin98, for further deFi developments

Binance Labs announced that it has made a strategic investment into Coin98. Coin98 is a DeFi platform which builds full-suite products. Coin98 will be contributing to the building of DeFi infrastructure on Binance Smart Chain.

Coin98 introduces itself as Multi-Chain & NFT Super App for a reason. It allows you to borrow, lend, buy, trade, earn, swap and stake crypto. According to the Coin98 webpage, the company’s mission is to understand user experience, conduct in-depth research, and create innovative products.

Binance’s blog states that Coin98 plans to create an NFT Marketplace and token launch platform. AMM is also available on Binance Smart Chain. DeFi will be made accessible to all by making the BSC free to everybody.

Binance Labs supports Coin98 with technology, consulting, and incubator services.

“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,”
Bill Chin is the Binance Labs Fund’s chief executive.

“Binance Smart Chain is the most used network on the Coin98 platform regarding active addresses and trading volume. We can’t wait for Binance to support us with the BSC-based products.
Thanh Le was the coin98 founder.

Flipside

The Binance NFT Marketplace is now open Introduced “a fair & equal way to buy NFTs.”

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