Binance Educates Over 350,000 Crypto Beginners in 2021

Ugo Aliogo

Binance has provided free crypto education classes to 350,000 crypto Beginners, on topics ranging from user protection to building careers in blockchain.

A statement by the group said as Binance continues in its mission to increase the freedom of money for users, drive blockchain adoption and enable greater accessibility, it remains dedicated to crypto education globally.

The statement also noted that through the Binance academy, the company remains at the forefront of blockchain education, equipping crypto beginners with resources for lifelong financial and career development.

The statement stated: “Since its inception in January 2020, the Binance masterclass has provided free crypto education to over 400,000 Africans. Due to many crypto beginners often being victims of crypto scams from bad actors, the free webinars were primarily targeted at helping users understand the fundamentals of cryptocurrencies, how to identify scams and keep their crypto safe as they get started on their crypto journey.”

The statement remarked that as the global pandemic surfaced and many individuals lost jobs, lost income and were forced to stay home, pointing out that the classes also focused on teaching new skills such as crypto trading and careers in blockchain development.

The statement further explained that by the end of 2020, over 70,000 Africans were educated in the first year of the launch of the Masterclass.

It affirmed that Binance has since doubled down on its efforts, providing education resources to over 177,000 Africans in Q1 2021, “and over 179,500 in Q2 2021- creating the education infrastructure Africans need to be financially free and informed.”

A Director at Binance Africa, Emmanuel Babalola, opined: “Blockchain education is at the heart of our focus in the global market. As a blockchain infrastructure provider, we are committed to ensuring that more and more people have access to the right information about the workings of the ecosystem. Africa is a very important market for Binance because we see the profound opportunity blockchain brings to the entire continent.”

The statement declared that in addition to training newbies and enthusiasts, Binance is also dedicated to blockchain developers and equipping them with tools and skills required to build solutions and emerge as exceptional blockchain talent.

The statement added that in Q1 2021, Binance trained over 1000 blockchain developers in Africa and allocated a $1million fund for African developers.

According to the statement, the 8-week Masterclass was concluded with a demo show by top attendees showcasing newly built products using blockchain technology and skills acquired from the developer course.