Share this article
Crypto Exchange Bitget Registers in Seychelles, Eyes Global Expansion
The exchange plans to increase its workforce from 800 to 1,200 by Q1 of next year.
Updated May 9, 2023, 4:03 a.m. Published Nov 22, 2022, 6:17 a.m.
Make us preferred on Google
Crypto derivatives exchange Bitget has registered in Seychelles as it looks to expand its services.
Last week, the now Seychelles-based exchange said that it has started operations in Brazil and will allow users to make crypto purchases in Brazilian reals.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Earlier this year, Bitget said it was planning to increase its workforce to 1,000 by the end of the year. The exchange updated its target and said that it is now looking to expand its headcount from 800 at the present to 1,200 by the first quarter of next year.
The Seychelles registration is under the 2016 International Business Companies Act. Bitget said it plans to set up more regional hubs on its expansion roadmap.
"The registration in Seychelles offers a constructive environment for Bitget, enabling us to unlock collaborations with partners and strengthen banking relationships," said Gracy Chen, managing director at the company.
Read more: Singapore-Based Crypto Exchange Bitget Opens Operations in Brazil
UPDATE (Nov. 22, 09:00 UTC): Updates headline and the description of Bitget in second paragraph.
More For You
Accelerating Convergence Between Traditional and On-Chain Finance in 2026?
Commissioned bySociete Generale-FORGE
More For You
Recapping Consensus Hong Kong
Crypto's role in payments for AI, regulatory changes and the digital asset market dominated conversations on the ground.
What to know:
- Speakers at CoinDesk's Consensus Hong Kong conference said crypto and stablecoins are likely to become the default payment tools for autonomous AI agents in an emerging "machine economy."
- Market participants warned that bitcoin, which has already dropped nearly $30,000 in a month, may fall further, with $50,000 seen as the level to watch.
- Hong Kong regulators are pressing ahead with crypto rules even as others wait to see how U.S. legislation develops.
Top Stories
