Bitget offers a wide range of cryptocurrencies for trading with low fees as a popular crypto exchange. The platform is regulated in the US, Canada, and Australia, ensuring the security of its users.

In recent times, Bitget has unveiled a fresh initiative centered on expanding its ecosystem. The initiative known as EmpowerX Fund, a $100 million investment. The initiative aims to foster growth in the Web3 space. 

The EmpowerX Fund

This fund involves investments in local exchanges, analytics companies, media outlets, and entities capable of enhancing its overall growth and development.

EmpowerX Fund aims to help broaden Bitget’s service portfolio and leverage potential merger and acquisition prospects that may arise later.

Bitget anticipates stricter regulations and the expansion of layer-2 blockchain networks and DeFi technologies. These will serve to trigger a transformation in the operations of centralized exchanges. 

Gracy Chen, Bitget’s Managing Director, noted that the CEX was evolving due to regulations and DeFi growth. She affirmed expectation of more investments soon. She also revealed that Bitget’s EmpowerX Fund is a major step toward making Bitget a versatile platform.

Bitget’s First Summit                       

Bitget marked its 5th anniversary with the inaugural “EmpowerX Summit” held in Singapore on September 12th. This event gathered industry giants to delve into crucial subjects, such as AI, Blockchain, Web2, and Web3. Distinguished figures, like Sebastien Borget from The Sandbox and Ciara Sun who is the founder of C² Ventures, were among the attendees.

Final Words

Bitget’s commitment to expand its ecosystem is resolute and backed by substantial investments; from its marketing partnership with Lionel Messi to the launch of the Builders’ program, alongside increment in Protection Fund to $300 million. 

The exchange has demonstrated its dedication for building a secure and thriving crypto trading environment. With plans to expand its team by hiring 1,200 individuals this year, Bitget is poised for significant growth. 

We strongly believe that this crypto exchange platform will continue to make a solid impact in the cryptocurrency space.