Binance Is Expanding Its Crypto Incubator to 5 New Cities

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© Reuters.  © Reuters.

The cryptocurrency exchange Binance is casting a wider net to find the next unicorn startup.

Revealed exclusively to CoinDesk, the venture wing of the namesake exchange, Binance Labs, will launch new incubator programs in Berlin, Buenos Aires, Lagos, Singapore and Hong Kong come March 2019.

The company is announcing this global expansion, offering 10-week onsite programs for early-stage blockchain projects, just as the inaugural San Francisco program is set to end on Friday. Starting next year, all Binance Labs incubation programs will conclude together with a three-week trip to Singapore, where the parent company is based, and a collective demo day.

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