Bitget Launches $100 Million EmpowerX Fund to Expand its Ecosystem
Bitget, a derivatives exchange, has recently introduced its new Bitget EmpowerX Fund, with a capital base of $100 million. The primary objective of this fund is to enhance Bitget’s ecosystem by investing in regional exchanges, data analytics firms, media organizations, and other promising opportunities.
Bitget’s Strong Presence in the Crypto Industry
Bitget, established in 2018, has become a key player in the cryptocurrency industry, specializing in futures and copy trading services. With over 8 million users across 100 nations and regions, the exchange has garnered recognition as a top 6 futures trading platform and a 12th spot trading platform according to CoinMarketCap.
Bitget’s Expansion Plans and Commitment to the Industry
In addition to the launch of the EmpowerX Fund, Bitget has also established a Builders’ Fund with a value of $5 million. This highlights their dedication to supporting the growth and development of the crypto industry. Furthermore, the exchange has increased its Protection Fund from $200 million to $300 million for enhanced user security.
To cater to the increasing demand for cryptocurrency trading, Bitget is planning to establish regional centers in Europe and Africa. By broadening their presence, they plan to extend their services to a larger user base. Bitget also has ambitious plans for recruitment, aiming to expand its workforce to 1200 employees by Q1 2023.
Hot Take: Bitget Strengthens its Position in the Crypto Market
With the launch of Bitget EmpowerX Fund and its ongoing expansion plans, Bitget is solidifying its position as a prominent player in the crypto market. By investing in various opportunities and focusing on user security, Bitget aims to create a lasting impact and cater to the growing demand for digital asset trading. With its strategic initiatives, Bitget is poised for further growth and success in the industry.
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