Crypto derivatives platform Bitget has announced the Bitget EmpowerX Fund, which will invest $100 million into growing its ecosystem and investing in regional exchanges, analytics firms, media organizations, and entities that contribute to its growth. The goal is to maximize the company’s long-term impact in the crypto space and diversify services to meet the needs of the global user base.
Bitget’s managing director, Gracy Chen, expects more investments, mergers, and acquisitions in the future as the centralized exchange landscape evolves with regulatory changes. The fund is a major step in Bitget’s mission to become a comprehensive platform for crypto users and empower others in the industry.
In addition to the Bitget EmpowerX Fund, the platform previously launched a $100 million Web3 fund for crypto projects in Asia. It aims to fund Web3-friendly projects worldwide with a focus on Asian projects addressing real-world problems.
Bitget recently acquired a controlling stake in multichain wallet BitKeep for $30 million, leading to the rebranding of BitKeep as Bitget Wallet. BitKeep also introduced the Bitget Swap feature.
For those interested, this article can be collected as an NFT to preserve this moment in history and support independent journalism in the crypto space.