Cryptocurrency exchange Bitget came to the fore by making a strategic investment shortly after withdrawing from Hong Kong.
Bitget announced on November 13 that BitgetX, the Hong Kong division accessible under the BitgetX.hk domain, December 13, 2023 announced that it would cease its activities as of this date.
Just from this announcement 1 day after According to the press release, the stock exchange is Hong Kong’s OSL, the first licensed cryptocurrency exchange parent company BC Technology GroupApproximately ‘s shares 90 million dollars invested.
The announcement about the investment was made by BC Technology Group. CEO of BC Technology Group Hugh Madden In his statement on the subject, he included how important this investment was:
We are very proud of this strategic partnership with BGX. This investment by BGX not only increases our capital strength, but also brings a forward-thinking collaborator in the regulated cryptocurrency services space and advances our mission to innovate and expand the cryptocurrency market. This investment is a clear endorsement of OSL’s vision to lead the regulated evolution of the cryptocurrency market.
BGX CEO Patrick Pan made similar statements in his statement and stated that this partnership is the basis of the cryptocurrency industry. growth its capacity He also emphasized that he will develop:
Our investment in BC Technology Group and OSL is a strategic move that reflects our belief in the enormous potential of the cryptocurrency market. We are confident that this partnership will not only strengthen BGX’s global presence but also enhance the growth trajectory of the cryptocurrency industry.