{"id":10693,"date":"2023-09-12T12:05:21","date_gmt":"2023-09-12T12:05:21","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/bitget-unveils-100m-fund-to-expand-ecosystem-and-foster-strategic-partnerships\/"},"modified":"2023-09-12T12:05:21","modified_gmt":"2023-09-12T12:05:21","slug":"bitget-unveils-100m-fund-to-expand-ecosystem-and-foster-strategic-partnerships","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=10693","title":{"rendered":"Bitget Unveils $100M Fund to Expand Ecosystem and Foster Strategic Partnerships"},"content":{"rendered":"
\n

Bitget, a crypto exchange platform, announces a new $100 million to focus on the growth of its ecosystem. The fund is believed to be focused on developing regional exchanges, analytics firms, and media organizations.\u00a0<\/p>\n

Bitget, the Seychelles-based company, commenced a series of funding earlier this year after launching $300 million to bolster the development of Web3 and decentralized applications (dApps).<\/p>\n

Yesterday, the crypto exchange launched another $100 million fund called EmpowerX.\u00a0<\/p>\n

In an email announcement, Bitget unveiled its ambitious plan to deploy the $100 million capital for an extended footprint in the Web3 domain.<\/p>\n

The exchange is shifting its focus beyond trading, aiming to diversify investments to cater to a broader global user base.<\/p>\n

Areas of interest now encompass decentralized finance, research, media organization, and various other ventures.<\/p>\n

Gracy Chen, the Managing Director of Bitget, expressed keen anticipation for increased investments and potential mergers within the centralized exchange sphere, primarily in response to evolving regulatory landscapes.<\/p>\n

She underscored that the Bitget EmpowerX Fund represents a pivotal stride toward transforming Bitget into a comprehensive platform tailored to meet the ever-evolving demands of crypto enthusiasts.<\/p>\n

Furthermore, Chen outlined their strategy to expand their ecosystem through strategic, growth-oriented investments.<\/p>\n

She envisions a significant operational evolution for centralized exchanges, propelled by tightening regulations and the burgeoning landscape of layer-2 blockchain networks and DeFi technologies. This marks a critical phase in Bitget’s journey towards shaping the future of crypto exchanges.<\/p>\n

\n

“Through strategic, targeted investments that foster long-term growth, we aim to continually expand our ecosystem of services to serve the evolving needs of users better,”\u00a0<\/p>\n<\/blockquote>\n

Managing Director Gracy Chen said.\u00a0<\/p>\n

\n

“We also want to empower other people in our industry because a rising tide lifts all boats.”<\/p>\n<\/blockquote>\n

Bitget Expands Strategic Investments, Pioneering Innovation in Crypto and Blockchain<\/h2>\n

Bitget, has a track record of engaging in strategic investments. Prior to its announcement of the EmpowerX funding initiative, Bitget had already launched two funds earlier in the year.\u00a0<\/p>\n

On April 10, Bitget underscored its dedication to supporting global Web3 initiatives, with a particular focus on projects originating in Asia.<\/p>\n

This commitment is mainly directed towards well-experienced teams striving to address real-world challenges through blockchain technology.\u00a0<\/p>\n

Bitget extended its funding efforts to notable venture capitalists and worldwide projects, including Foresight Ventures, Dragonfly Capital, and SevenX Ventures.<\/p>\n

Shortly after that, Bitget entered into a strategic partnership with Core DAO, earmarking a substantial fund of $200 million to fortify the dApp ecosystem.<\/p>\n

In March, the Seychelles-based company deepened its involvement in the decentralized ecosystem by investing $30 million in the BitKeep multi-chain wallet.<\/p>\n

This investment led to Bitget becoming the largest shareholder in the wallet, prompting a rebranding to Bitget Wallet after the BitKeep wallet unveiled a new feature called Bitget Swap.<\/p>\n

Recently, the company introduced a novel savings plan for cryptocurrencies like Bitcoin, Ethereum, and Ripple, offering an enticing 24.5% APR with principal protection.<\/p>\n

This move further illustrates Bitget’s commitment to providing innovative financial solutions in crypto.<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitget, a crypto exchange platform, announces a new $100 million to focus on the growth of its ecosystem. The fund is believed to be focused on developing regional exchanges, analytics firms, and media organizations.\u00a0 Bitget, the Seychelles-based company, commenced a series of funding earlier this year after launching $300 million to bolster the development of […]<\/p>\n","protected":false},"author":1,"featured_media":10694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-10693","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"\nBitget Unveils $100M Fund to Expand Ecosystem and Foster Strategic Partnerships | Prosfunds<\/title>\n<meta name=\"description\" content=\"Bitget, a crypto exchange platform, announces a new $100 million to focus on the growth of its ecosystem. 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