Cryptocurrency exchange platform Binance has set up a $50 Mn fund for blockchain technology in India.

The ‘Blockchain for India’ fund plans to invest an average ticket size of $100K to $5 Mn per startup through cryptocurrency — Binance Coin, Binance USD and WRX coins.

Besides the capital, the cryptocurrency exchange platform will also provide proper mentoring to the startups, from the leaders within Binance’s network — Binance Chain, Binance Cloud, Binance DEX, Binance Launchpad, Binance Research, Binance Academy, and Binance X. Binance Group’s acquired companies, Mumbai-based WazirX, Hong Kong-based DappReview, and San Francisco-based Trust Wallet will also join in as mentors.

The announcement comes a few weeks after the Supreme Court of India lifted the banking ban on cryptocurrency trading in India.

Besides this, Binance X has invited Indian blockchain startups for a fellowship programme. | To read full story, visit https://startuparound.com/read/1584426604.4008298/Cryptocurrency-Exchange-Binance-Announces-$50-Mn-Blockchain-Fund-For-India?ref=audio_experience