New Fund to Drive Growth in Regional Exchanges, Analytics Firms, and Media Organizations
Crypto derivatives platform Bitget has unveiled the Bitget EmpowerX Fund, a $100 million investment initiative aimed at enhancing the company's ecosystem and supporting the growth of regional exchanges, analytics firms, media organizations, and other entities that contribute to its long-term impact in the crypto space.
Diverse Services Key to Expanding Native Crypto Ecosystem
Bitget believes that diversifying its services to cater to the needs of its global user base is vital for expanding the native crypto ecosystem. Gracy Chen, managing director of Bitget, highlighted the company's mission to become a comprehensive platform that adapts to the ever-changing requirements of crypto users. Chen emphasized the importance of empowering the wider industry, stating that "a rising tide lifts all boats."
Anticipated Investments, Mergers, and Acquisitions
Bitget expects a surge in investments, mergers, and acquisitions as the landscape of centralised exchanges evolves with regulatory changes. The establishment of the Bitget EmpowerX Fund is considered a significant step towards achieving the company's goals.
Expansion into Web3 Projects
This $100 million fund follows Bitget's earlier launch of a Web3 fund for crypto projects in Asia. The new fund will target venture firms and projects worldwide, particularly those focused on Web3 technologies that offer a clear roadmap, boast an experienced team, and tackle real-world problems. Bitget aims to foster innovation and support deserving projects within the Asian market.
BitKeep Rebrands as Bitget Wallet
BitKeep, a multichain wallet, has recently rebranded as Bitget Wallet after Bitget acquired a controlling stake in the company for $30 million in March. As part of the rebranding, BitKeep has introduced a new in-wallet feature known as Bitget Swap.
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