Leading global cryptocurrency exchange, Bitget announces that it has registered in Seychelles to facilitate its global expansion.
The cryptocurrency exchange, which operates in a decentralized manner without a specific headquarters, with regional hubs in strategic markets, has plans to set up more regional hubs in the future. So far, the leading cryptocurrency exchange has gone from a team of 450 in June 2022 to over 800 currently, a 78% growth within 4 months, and will continue to increase another 50% of its headcount till it reaches the new target.
The exchange has also updated its recruitment plan with a new target of 1200 team members by the first quarter of 2023, increasing its workforce by another 50% from its existing size to meet user demand and support business growth better than ever. Bitget, earlier in June this year, originally announced that the company would double its workforce to 1000 employees by the end of 2022. To fulfil the growing user demand and business development better, Bitget has further raised its target to grow its workforce to 1200 by the first quarter of 2023.
In view of its expansion, currently, the team is looking for talented engineers and product, marketing and branding team members to deliver the best social trading experience for its users.
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This new registration in Seychelles is under the International Business Companies Act of 2016. Along with the registration in Seychelles, Bitget has also established regional hubs in Asia’s and Latin America’s markets and plans to consolidate its global presence with more regional hubs, such as ones in the African and European regions.
In this regard, Gracy Chen, Managing Director of Bitget, says,
“We see Seychelles as a friendly region for the crypto community. We have been working for several months on this registration and are happy to announce the development now. The registration in Seychelles offers a constructive environment for Bitget, enabling us to unlock collaborations with partners and strengthen banking relationships, along with our expansion with different partnerships, such as the Argentine football legend Lionel Messi and the Italian football club, Juventus. With a global footprint, Bitget fully embraces the concept of Web3, allowing the team to work in a decentralized way without a specific headquarters. We believe doing this can help us attract talent across borders as we are hyper-focused on growth and scaling up. It is crucial for us to recruit high-calibre candidates globally and set up regional hubs to aid local communication and coordination in strategic markets simultaneously.”
On the topic of expansion, Chen adds, “Our recruitment always aligns with our global expansion and long-term strategy, and we will continue to hire despite current market sentiment. Capable and suitable talent will help Bitget build a safe and reliable platform, which will gain stronger traction among users in the fiercely competitive industry and eventually lead to a more trustworthy and robust platform that better serves the community.”
In the past few weeks, Bitget has taken a procession of initiatives to build up trust and confidence among its users and the crypto industry. The exchange is also increasing its hiring plans, not showing any signs of being affected by the recent turmoil.
Bitget Introduces the $5 million fund
Recently, Bitget established the ‘Builders Fund’, a $5 million fund dedicated to supporting and helping traders and partners affected by the collapse of the FTX cryptocurrency exchange.
Basically, those who have suffered losses from the largest collapse in the history of centralized crypto exchanges will be able to apply to receive relief funds made available by Bitget. The requirements for applying for the fund are:
* be a partner with an affiliate account on FTX;
* have more than USDT 50,000 in assets or a monthly transaction volume of more than USDT 10 million (including spot and futures) on FTX in the past 30 days.
About Bitget, the leading cryptocurrency exchange
Bitget, established in 2018, is one of the world’s top five leading cryptocurrency exchanges with innovative products and social trading services as its key features and is currently serving over 8 million users in more than 100 countries around the world. The exchange is dedicated to providing one-stop and secure trading solutions to users and intends to expand crypto adoption through collaborations with creditable partners, including legendary Argentinian footballer Lionel Messi, Italian leading football team Juventus, PGL Majors official e-sports crypto partner, and the leading e-sports organization, Team Spirit.