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Binance CEO Richard Teng on Wednesday said the crypto exchange has partnered with global startup ecosystem Ignyte. This comes as the crypto exchange leads the latest wave of crypto adoption in cooperation with governments and institutions, while building and providing through BNB Chain. The latest partnership will further bolster and solve challenges faced by the Web3 community across the UAE. The exchange aims to provide startups with education, mentorship from industry leaders, and practical tools to foster innovation and growth. Crypto Exchange Binance Partners with Ignyte and the DIFC The world’s largest crypto exchange Binance, in an official announcement on October 1, revealed that it became the first exchange to partner with Ignyte, a DIFC-backed global startup ecosystem under the UAE’s Digital Economy Strategy. CEO Richard Teng took to the X platform to reach out to the wider crypto community about the latest Web3 push in the UAE. He asserted that “Web3 isn’t about replacing Web2” but is more focused on giving users back control of their data, identity, and economic participation. Crypto exchange Binance partners with Ignyte and the DIFC | Source: X The collaboration will help startups gain access to Binance’s developer tools, Binance Academy learning modules, and expert mentorship. This could boost Web3 innovation, investments, and entrepreneurship, giving the community knowledge and infrastructure. Planned Collaboration Areas with Binance-Ignyte Partnership The partnership will launch a flagship Binance hackathon, with a $25,000 prize pool. It will encourage projects and developers to develop new blockchain solutions, with finalists pitching to leading investors and policymakers. The developer APIs and on-chain integration tools will bring more use cases on BNB Chain, currently leading in tokenization adoption. As the Coin Republic reported earlier, BNB Chain partnered with Ondo Finance to list tokenized U.S. stocks, ETFs, and funds on-chain. Last month, Binance partnered with…

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Filed under: News - @ October 1, 2025 12:28 pm