Bitget, a leading cryptocurrency exchange, has announced that it has registered in the Seychelles in order to facilitate international growth.

The exchange is decentralized, meaning it has no single location but rather functions through a series of hubs in key markets, with future expansion expected to bring even more of these locations online.

To better satisfy user demand and promote company growth, the exchange has revised its recruitment plan, setting a new target of 1200 staff by the first quarter of 2023, an increase of further 50% from its current size.

The International Business Companies Act of 2016 authorizes this fresh filing in Seychelles. Bitget has registered in the Seychelles and set up regional hubs in the Asia and LATAM markets.

In the future, it intends to set up more regional hubs in areas like as Europe and Africa to further expand its worldwide footprint with speeding up its employment ambitions, seemingly unfazed by the recent crisis.

Bitget first declared in June that it would double its employment to 1000 employees by the end of 2022, to better satisfy the growing user demand and commercial development.

Managing Director of Bitget, Gracy Chen, states:

“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.”

He further adds that “the registration in Seychelles offers a constructive environment for Bitget, enabling us to unlock collaborations with partners and strengthen banking relationships.”

He also revealed that the registration will also strengthen “our expansion with different partnerships, such as the Argentine football legend Lionel Messi and the Italian football club Juventus.”

Bitget Is On A Roll

Bitget has launched the USD 5 million Builders’ Fund as part of its efforts to gain consumers’ and the industry’s trust and confidence.

As the crypto winter continues to drag on, the derivatives crypto trading platform declared in August this year that it would introduce a $200 million Protection Fund for its customers.