Leading cryptocurrency exchange Bitget has created a $100 million fund to strengthen and expand its ecosystem.
At the event held in Singapore, Bitget aims to finance the cryptocurrency ecosystem. $100 million an enterprise “EmpowerHe announced that he created a fund named “.
According to the statement Empower named fund to regional stock exchanges, data analysis firms, media organizations and will invest in other relevant organizations. Bitget with this fund purchase and sale, investment, research, decentralized finance (DeFi), media It will aim to create a comprehensive trading ecosystem that includes and other functions.
bitget, 20 million global customers to meet their needs and the services offered of diversification on expanding the ecosystem most important key He emphasized that it was.
Making a statement on the subject, Bitget General Manager Gracy ChenHe stated that the central exchange (CEX) market is growing rapidly and further expansion seems likely in the future:
The CEX landscape is constantly evolving, driven by tightened regulations and the rapid growth of Layer-2 (L2) and DeFi technologies. We expect more investments, mergers and acquisitions in this area in the coming months. We currently prefer to invest in the future of the company without relying on external financing.
In an announcement made on August 18, Bitget institutional to customers Copper, which offers ripto money storage service in order to provide a safer and more comprehensive cryptocurrency trading service. ClearLoop announced that it was integrated with its network.