Listen to this article
Bitget, a leading crypto derivatives and copy trading exchange, has unveiled its latest initiative: the Bitget EmpowerX Fund. This fund, backed by a substantial $100 million, is set to bolster the platform’s ecosystem, targeting investments in regional exchanges, data analytics firms, media organizations, and other entities that will contribute to its growth.
Strategic Investments for a Comprehensive Ecosystem
The EmpowerX Fund is a testament to Bitget’s ambitious vision for the future. With a capital base of $100 million, the fund will strategically invest in various sectors to maximize Bitget’s long-term impact in the digital assets domain. The company believes that diversifying services is crucial to cater to the diverse needs of its global user base. This diversification includes expanding into trading, investment, research, DeFi, media, and other areas.
Evolving with the Times
The crypto landscape is in a constant state of flux, influenced by regulatory changes, the rapid growth of Layer 2 and DeFi technologies, and more. Gracy Chen, the Managing Director of Bitget, emphasized the company’s forward-thinking approach, stating that the launch of the EmpowerX Fund is a significant step towards transforming Bitget into a comprehensive platform that meets all user needs. The goal is not just to enhance Bitget’s offerings but also to uplift the entire industry.
Bitget’s Continuous Evolution
Bitget’s commitment to innovation and growth is evident in its past endeavors. The company launched the $100 Million Web3 Fund in April 2023, focusing on identifying promising VCs and projects worldwide, with a special emphasis on Asia-based partners. Some of the notable investments from the Bitget Web3 Fund include Foresight Ventures, Dragonfly Capital, and Gitcoin Fund, among others. Additionally, Bitget’s $30 million investment in the decentralized BitKeep multi-chain wallet, now rebranded as the Bitget Wallet, showcases its dedication to the decentralized space.
Strengthening Centralized Strategies:
While Bitget is making strides in the decentralized domain, it hasn’t neglected its centralized strategies. The company is continually enhancing the trading experience, enriching its product offerings, and intensifying membership cultivation efforts. The new “Trade smarter” rebranding philosophy underscores Bitget’s commitment to providing intuitive tools for a secure and efficient financial future.
About Bitget
Founded in 2018, Bitget stands as a premier cryptocurrency exchange, boasting over 20 million users across more than 100 countries. The exchange is renowned for its Copy Trading services and is dedicated to helping users trade smarter. Bitget’s collaborations with notable figures and organizations, such as football legend Lionel Messi and official eSports events organizer PGL, further solidify its position in the industry.
Please email us your feedback and news tips at hello(at)dailycompanynews.com
