Binance has announced that it will offer over 30K Web3 and crypto scholarships in 2023. This crypto exchange has been ramping up efforts to educate the masses and even started its Binance Academy to pass the knowledge to the world.

Binance to continue offering crypto education

Binance, the world’s largest crypto exchange, has revealed that it will offer over 30K Web 3 scholarships in 2023. Many colleges and universities have introduced crypto courses globally since the 2021 boom. Now, Binance wants to sponsor people to pursue these courses.

Some of the institutions Binance’s program will collaborate with include colleges in Australia, Germany, Cyprus, Ukraine, and Nigeria. It will also send some to the Women in Tech organization. Binance also revealed via an official blog that the 2023 scholarships program would be funded by its philanthropic arm, Binance Charity. It also explained its interest in spreading crypto knowledge to people via an official blog post.

An excerpt from the post reads:

“We recognize that digital education and skills development can be out of reach for many, resulting in a blockchain industry that lacks diversity and talent. The Binance Scholar Program changes all that, covering the costs of tuition and course fees at some of the world’s leading institutions.”


Crypto education becomes a key strategy for driving adoption

Crypto education has become a key tool to drive adoption globally, considering that the blockchain industry is relatively young. Few people have ample knowledge of how it works, making it get slower adoption as many tend to stay away from what they need help understanding.

As such, organizations like Binance have been dedicating their resources to the cause. Its blog revealed that it had over 82,000 applicants for this year’s scholarship program but will only come through about 37% of them.

On Dec. 30, 2022, the exchange also tweeted detailing the statistics around its crypto education program. It stated that it had spent over $15M educating people with over 300K beneficiaries. It also added that it reached out to 20 regions, dedicating 293,215 hours to crypto education. It also added that 71,205 people benefited from its scholarship program that year.

These developments show a growing interest in crypto education, which means there will be more awareness surrounding the crypto industry. Keep watching FintechExpress for cryptocurrency and other finance-related news.