Bige Expanding Operations into the Middle East
Bige, a leading crypto derivatives and copy trading platform, has announced plans to expand its operations into the Middle East. The Seychelles-based exchange aims to hire 60 new staff members as part of its global scaling strategy, targeting increased crypto adoption across new audiences.
Key Points:
- Bige is looking to expand into the Middle East region, which is known for its growing crypto activity.
- The exchange is considering initiatives in countries such as Bahrain and the United Arab Emirates (UAE), including crypto-friendly cities like Dubai, Abu Dhabi, and Ras Al Khaimah.
- The expansion plan includes setting up a regional headquarters and recruiting new team members for various roles.
- The Middle East and North Africa (MENA) region has seen rapid growth in crypto adoption, accounting for 9.2% of global crypto transactions from 2021 to 2022.
- Bige’s Managing Director, Gracy Cen, aims to scale the company’s presence in the Middle East and hire 30 to 60 new team members over the next two years.
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Hot Take: Bige’s expansion into the Middle East reflects the region’s increasing interest and adoption of cryptocurrencies. By establishing a presence in countries like the UAE, the exchange can tap into the growing demand for crypto trading and services. This move aligns with Bige’s global scaling efforts and positions them as a key player in the Middle Eastern market.
