Bitget, a leading cryptocurrency exchange, has revealed its plans to expand into the Middle East region, specifically the United Arab Emirates and Bahrain.
The financial heart of the UAE – Dubai – has turned into a hotbed of cryptocurrency activity, attracting many companies with its friendly approach to the industry. Binance, Bybit, OKX and other exchanges have recently been approved to offer services in the region.
Focus on ‘core values’
According to another advertisementBitget is preparing to expand its presence in the Middle East by establishing a regional headquarters and recruiting more team members in the next two years. The new employees will be responsible for some mid office and back office duties.
“We hope to rapidly expand our team in the Middle East to support the growth of the business, with 30-60 staff employed over the next two years or more across the Middle East region. New team members will include multiple middle office and back office positions.”
Bitget revealed that it may choose Dubai as its operational hub for the Middle East market. Managing Director Gracie Chen said the move is “not just about business, it’s about our core values, which are based on the development of blockchain and the worldwide adoption of crypto.”
The exchange has already started exploring ways to secure the necessary licenses from local regulators. This step is considered a top priority as it will support expansion and enable the company to open regional offices.
Bitget ex an offer It intends to increase its workforce by 50% (from 800 workers to 1,200) in Africa. Engineers and marketing professionals are among those who could assist in its expansion mission on the continent.
Bitget’s recent success
Despite last year’s market downturn and the many negative events in the crypto sector, the exchange has signed some major partnerships.
For one, it is I continued Its cooperation with the Italian football giant – Juventus. like that cooperated With seven-time Ballon d’Or winner – Lionel “Leo” Messi. The athlete serves as a brand ambassador for the exchange, and some of his duties include presenting Bitget products and services to sports fans and organizations.
Interestingly, the exchange emerged as one of the winners after the massive crash of FTX. He. She more The trading volume of its derivatives amounted to 204 billion dollars. The median figure was $194 billion six months before the crash.
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