Bitget Launches $100 Million EmpowerX Fund to Strengthen Crypto Ecosystem and Foster Industry Growth
Summary:
Crypto derivatives platform Bitget has announced the Bitget EmpowerX Fund, a $100 million initiative aimed at strengthening its ecosystem and investing in regional exchanges, analytics firms, media organizations, and entities contributing to its growth. The fund will diversify services to meet the needs of its global user base and expand the crypto ecosystem. Bitget expects further investments, mergers, and acquisitions in the evolving centralized exchange landscape. The fund is a significant step toward its mission of becoming a comprehensive platform. Bitget recently acquired BitKeep and rebranded it as Bitget Wallet, launching a new in-wallet feature called Bitget Swap.
Crypto derivatives platform Bitget has unveiled the Bitget EmpowerX Fund, a $100 million initiative aimed at strengthening its ecosystem and investing in various entities that can contribute to its growth. The fund will focus on regional exchanges, analytics firms, media organizations, and other entities. Bitget believes that diversifying its services is crucial for expanding the native crypto ecosystem and meeting the needs of its global user base. Gracy Chen, managing director of Bitget, anticipates further investments, mergers, and acquisitions as the regulatory landscape evolves for centralized exchanges. The Bitget EmpowerX Fund is a significant endeavor in Bitget's mission to become a comprehensive platform in the crypto space and empower others in the industry. Earlier this year, Bitget launched a $100 million Web3 fund for crypto projects in Asia. BitKeep, a multichain wallet, recently rebranded as Bitget Wallet after being acquired by the crypto derivatives exchange for $30 million. As part of the rebranding, BitKeep introduced a new in-wallet feature called Bitget Swap.
Published At
9/12/2023 1:40:00 AM
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