Bitget, a Victoria, Seychelles-based crypto derivatives and copy trading exchange firm, launched Bitget EmpowerX Fund.
The new fund will invest with a capital base of $100M.
It will be dedicated to accelerating the platform’s ecosystem development, which will seek investment opportunities in regional exchanges, data analytics firms, media organizations and other entities that contribute to the growth of its ecosystem. The resources will be strategically and selectively invested to maximize the company’s long-term impact in the digital assets space and its ecosystem.
From a strategic perspective, Bitget aims to broaden its business horizons, creating a comprehensive trading ecosystem encompassing trading, investment, research, DeFi, media, and other functions.
Established in 2018, Bitget is a cryptocurrency exchange that offers copy trading services as one of its key features. The exchange serves over 20 million users in more than 100 countries and regions.
The company is dedicated to supporting the development of the next generation of innovation, the latest being the launch of a $100 Million Web3 Fund in April of 2023. The fund focuses on identifying VCs and projects globally, while prioritising Asia-based partners with a clear roadmap and innovations driven to solving real-world problems. The VCs the Bitget Web3 Fund has invested in are Foresight Ventures, Dragonfly Capital, SevenX Ventures, Gitcoin Fund, DAO Maker, and ABCDE Capital.
Bitget also announced a $30 million investment in the decentralized BitKeep multi-chain wallet in March, which was later rebranded into the Bitget Wallet.
FinSMEs
12/09/2023