Bitget Prepares USD 100 Million. Crypto asset exchange platform Bitget set up a USD 100 million fund to support next-generation Web3 projects by targeting Web3-friendly companies and venture projects around the world.
Quoted from Cointelegraph, this crypto exchange will focus on projects in Asia from an experienced team with a clear roadmap.Potential partners include several venture capitalists such as Foresight Ventures, ABCDE Capital, SevenX Ventures and DAO Maker.
Bitget also mentioned Dragonfly Capital as a potential partner. Dragonfly Capital recently announced a USD 10 million investment in Bitget to support its global expansion.
Since its launch in 2018, Bitget crypto exchange has attracted more than 80,000 traders and 380,000 copy traders. The crypto exchange plans to expand spot trading, launchpad, and Bitget Earn products in 2023.
Bitget recently acquired the BitKeep crypto wallet, a Web3 access gateway with over 9.5 million users, for US$30 million.During last year’s bear market, the exchange also launched a USD 200 million fund to protect user assets and restore investor confidence. Bitget promises to secure the value of the fund for three years.
Bitget Prepares USD 100 Million. The exchange claims to have implemented strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies in the past year to keep bad actors away from its services.