Crypto Exchange Bitget Expands To Africa
The exchange decided to register in Seychelles to meet its goals of setting up more regional hubs in the future.
Some people have been hit worse than others by the cryptocurrency winter. While some cryptocurrency exchanges are obliged to make significant layoffs in order to weather the bear market, others, such as Bitget, continue to make massive recruits in order to enhance their services.
Bitget, a cryptocurrency and crypto derivatives exchange, announced its registration in Seychelles, Africa, on November 25 to facilitate its worldwide development.
According to The Cryptonomist, Bitget intends to boost its staff by 50%, from 800 to 1200 employees during the first quarter of 2023. In addition, it is adding engineers and marketing specialists to improve the user experience.
The exchange, which was previously decentralized, made the decision to register in Seychelles in order to fulfill its future plans to establish more regional hubs. The Bitget team is now focusing on Africa and Europe as strategic market regions. Bitget currently has regional centers in Asia and Latin America.
According to Bitget CEO Gracy Chen, the platform’s financial ties would be strengthened by the Seychelles registration under the International Business Companies Act of 2016. The exchange has developed significant relationships with athletes like Lionel Messi and soccer clubs like Juventus.
On his reason for choosing Seychelles, Bitget CEO stated; “We see Seychelles as a friendly region for the crypto community. We have been working for several months on this registration and are happy to announce the development now. The registration in Seychelles offers a constructive environment for Bitget, enabling us to unlock collaborations with partners and strengthen banking relationships, along with our expansion with different partnerships, such as the Argentine football legend Lionel Messi and the Italian football club Juventus.”
Chen further noted that the company will continue to hire “despite current market sentiment,” as talented personnel are needed to help the company grow, making it a secure and reliable platform to stand in a “fiercely competitive industry.”