Bitget Dives Deeper into Digital Space: The $100 Million EmpowerX Fund Initiative

Bitget Dives Deeper into Digital Space: The $100 Million EmpowerX Fund Initiative
Photo by Joshua Sortino / Unsplash

VICTORIA, Seychelles, September 12, 2023 — Today, in a significant move to expand its ecosystem, Bitget, a globally recognized crypto derivatives and copy trading exchange, unveiled its Bitget EmpowerX Fund. This strategic initiative, with an impressive capital base of $100 million, underlines Bitget's ambition to invest in and collaborate with regional exchanges, data analytics entities, media ventures, and other contributors that are pivotal to its ecosystem's advancement.

Bitget's EmpowerX Fund encapsulates its vision for a more expansive digital assets sector. By adopting a holistic approach to investments and partnerships, Bitget is positioning itself to serve the diverse and evolving needs of its global clientele. Central to this initiative is the exchange’s objective to diversify its offerings, further integrating trading, investment, research, DeFi, media, and beyond.

In the face of shifting landscapes, dominated by regulatory tightening, the boom of Layer 2, and DeFi tech expansions, Bitget remains adaptive. Gracy Chen, Bitget's Managing Director, remarked, “The crypto sector is in a state of flux. But we’re forward-thinking. The Bitget EmpowerX Fund's inception is pivotal in our quest to mold Bitget into an all-encompassing platform. As we seek to cater to the changing demands, our emphasis is not only on self-growth but also on uplifting the broader industry. After all, prosperity is most beneficial when shared.”

Historically, Bitget's trajectory mirrors its commitment to be in sync with the crypto zeitgeist. Just earlier this year, the company signaled its intentions by introducing the $100 Million Web3 Fund. This initiative zeroes in on fostering partnerships with VC entities and promising global projects, laying special emphasis on Asia-centric collaborations. Notably, Bitget Web3 Fund’s portfolio boasts of influential players like Foresight Ventures, Dragonfly Capital, and Gitcoin Fund, to name a few.

Pioneering in its vision, Bitget isn’t confining its aspirations to decentralized solutions alone. In March, they made headlines with a $30 million endorsement of the decentralized BitKeep multi-chain wallet, subsequently rechristening it as Bitget Wallet. With this strategic acquisition, Bitget now holds the reins of the wallet's developmental direction.

Concurrently, in the centralized arena, Bitget is fortifying its foundations. Through continuous product enhancement, optimal trading experiences, and bolstered membership drives, Bitget is ensuring its users get the best of both decentralized and centralized worlds. Their recently unveiled “Trade smarter” brand philosophy accentuates their resolve to present users with a secure, intuitive, and streamlined financial future.

Bitget’s meteoric rise since its inception in 2018 is emblematic of its robust strategies and adaptability. Today, as a premier crypto exchange, it boasts a clientele of over 20 million across 100+ countries. Their copy trading feature remains a unique selling proposition, appealing to users worldwide. Further cementing its global footprint, Bitget has forged influential partnerships, such as its alliance with the football icon, Lionel Messi, and its association with the eminent eSports organizer, PGL.

In sum, as Bitget propels forward with the EmpowerX Fund, it promises to revolutionize the crypto sphere, aiming for both holistic growth and ecosystem enrichment. As the digital landscape transforms, Bitget seems well-poised to lead the change.