Key Takeaways
- Bitget launches $100 Million EmpowerX Fund to boost crypto ecosystem development.
- The fund aims to invest in regional exchanges, data analytics firms, and more.
- Bitget’s vision is to provide comprehensive services and empower the crypto industry’s growth.
As developments in the crypto-landscape continue, Bitget, a high-end crypto derivative and copy trading exchange, has announced the formation of a $100 Million EmpowerX Fund. The new fund is said to be directed towards encouraging the ecosystem’s development and will create investment opportunities in regional exchanges, data analytics firms, and more. Now, let’s dive into the details!
Bitget’s Vision
Following Bitget’s 5th anniversary in the crypto-landscape, the development of the fund seems to be in line with its philosophy. With ExpowerX Fund, the platform aims to provide users with comprehensive services. With a capital base of $100 million, this fund is surely a mark of the platform’s ambitiousness.
In this development, it is imperative to note what the experts are saying; well, according to Gracy Chen, the Managing Director of Bitget,
“The CEX landscape is continually evolving amid influences of tightened regulations, the rapid growth of Layer 2 and DeFi technologies, and we are expecting that more investment, meager and acquisition will happen in the following months. Our vision 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. Through strategic, targeted investments that foster long-term growth, we aim to continually expand our ecosystem of services to better serve the evolving needs of users. We also want to empower other people in our industry because a rising tide lifts all boats.”
Announcement
The launch of the EmpowerX Fund seems to be promising, but how well will it perform? Only time will tell. Let’s see what the users have to say.
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