After
launching two funds in April aimed at supporting the development of Web3 and
decentralized applications (DApps) with a total value of $300 million, the
cryptocurrency exchange, Bitget has introduced another fund called EmpowerX with
a capital base of $100 million. The fund is designed to accelerate the
platform’s ecosystem by investing in various sectors, including regional
exchanges, data analytics firms, and media organizations.
The
EmpowerX Fund aims to strategically allocate its $100 million capital to
maximize Bitget’s presence in the digital asset space. The company wants to offer
a variety of services that cater to the diverse demands of users worldwide. As
a result, the exchange no longer wants to focus on trading alone, but also on
investment, research, decentralized finance (DeFi) and media activities.
Gracy Chen,
the Managing Director of Bitget, stated that the crypto exchange landscape is
constantly evolving due to factors like regulatory changes and the rapid growth
of Layer 2 and DeFi technologies. As a result, the vision of the exchange
“goes beyond the present.”
“With
the launch of the Bitget EmpowerX Fund, we take another major step in our
mission to develop Bitget into a truly comprehensive platform for all needs,”
Chen…
