Dragonfly, a global crypto-focused venture capital firm, announced today that it has made a $10 million strategic investment in Bitget, a global crypto derivatives and Copy Trade platform. The investment will support Bitget’s continued global market and service portfolio expansion, as well as future CSR initiatives aimed at increasing crypto education and adoption.
Dragonfly Invests 10 Million Dollars in Bitget!
Bitget has seen significant growth recently in terms of trading volume, user base and product range. The exchange started as a derivatives-focused platform and is ranked as one of the top 3 crypto derivatives exchanges according to a Boston Consulting Group (BCG) report published in July 2022. As the first major crypto exchange to offer Copy Trade features, Bitget is now the largest crypto Copy Trade platform in the world, with over 80,000 traders sharing their strategies and 380,000+ followers as of this February. By 2023, Bitget is doubling its efforts on spot transactions, launchpad and earnings products, expanding its ecosystem to become a one-stop crypto investment platform.
With this latest investment, Bitget will continue to expand its product offerings and pursue its global initiatives to inspire more individuals to adopt crypto. Over the past two years, Bitget has partnered with the legendary Argentinean football player Lionel Messi and one of Italy’s leading football teams, Juventus. The platform plans to launch more educational campaigns to drive crypto mass adoption through entertainment.
Bitget Manager Gracy Chen said, “Dragonfly is a highly respected investor in the crypto industry and we are honored to have them with us. As the fastest growing stock market in the last 12 months, this investment is an indication of our focus on BUIDL in the bear market. Other than cash inflow, what will benefit us more from Dragonfly partnership is their understanding and understanding of crypto. Together we will be able to explore more growth opportunities and contribute more to the sustainable growth of our industry.”
To get more information about Bitget, you can follow the channels below:
Website | twitter | Telegram
About Dragonfly:
Dragonfly is a global, crypto-focused investment firm that partners with crypto founders at all stages of development, from seed to series D. With a global team of over 40 professionals, Dragonfly focuses on working closely with the founders to solve their most relevant issues in technology, product and go-to-market. For more information, please visit dragonfly.xyz.
Funds managed by Dragonfly and its affiliates are only available to accredited investors. The foregoing is for informational purposes only and is not investment advice or an offer to buy or sell any security and should not be used as the basis for any investment decision.
About Bitget:
Founded in 2018, Bitget is a cryptocurrency exchange that offers futures and Copy Trade services as its core features. Serving more than 8 million users in over 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop-shop solution. It also inspires individuals to embrace crypto through collaborations with trusted partners, including legendary Argentine football player Lionel Messi, leading Italian football team Juventus, and official eSports events organizer PGL. According to Coinecko, Bitget is currently among the top 5 futures trading platforms and top 10 spot trading platforms.
For more information: Website | twitter | Telegram | LinkedIn |Discord
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