Bitget Reveals $100 Million EmpowerX Fund To Build All-Encompassing Ecosystem

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Bitget, a leading crypto derivatives and copy trading exchange, proudly introduces the Bitget EmpowerX Fund. This fund aims to nurture Bitget’s platform ecosystem by exploring investment ventures in regional exchanges, data analytics ventures, media groups, and other contributors essential for its growth.

With an initial fund of $100 million, the EmpowerX Fund manifests Bitget’s forward-thinking approach. Investments will be judiciously allocated to ensure lasting influence within the digital asset domain and its ecosystem. Bitget envisions its success in broadening service offerings to meet diverse global user requirements. Strategically, the platform is setting its sights on expanding its spectrum, weaving together facets of trading, investment, research, DeFi, media, and more.

Gracy Chen, Bitget’s Managing Director, opined, “The ever-shifting CEX landscape, influenced by regulatory tightening, Layer 2 and DeFi advancements, forecasts increased investments and acquisitions soon. Our aim with the EmpowerX Fund is not just immediate growth. We’re looking far ahead, striving to mold Bitget into an all-encompassing platform. Targeted, thoughtful investments promise sustained growth, and our goal is to enhance our service ecosystem, catering to users’ dynamic requirements. We’re committed to uplifting the entire industry, abiding by the principle that a rising tide lifts all.”

Bitget’s commitment to crypto evolution is unwavering. Always championing innovation, the company launched a $100 Million Web3 Fund in April 2023. This fund aims at pinpointing global VCs and projects, with an emphasis on Asia-centric partners boasting innovative solutions to tangible challenges. Among the beneficiaries of the Bitget Web3 Fund are names like Foresight Ventures, Dragonfly Capital, SevenX Ventures, Gitcoin Fund, DAO Maker, and ABCDE Capital.

Diversifying its approach, Bitget has ventured into decentralization. In March, a $30 million investment was made in the decentralized BitKeep multi-chain wallet, now known as the Bitget Wallet, asserting Bitget’s dominance in the decentralized sphere.

Simultaneously, Bitget fortifies its position in the centralized sector, refining trading experiences and diversifying its product range. Their “Trade smarter” ethos resonates with Bitget’s goal of equipping individuals with intuitive financial tools for a secure and effective future. The exchange remains devoted to its platform’s evolution, consistently introducing novel products and features to retain and captivate its user base.

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