Categories: Finance

Bitget exchange received registration in the Seychelles

Bitget exchange received registration in the Seychelles

As part of its global expansion, derivatives exchange Bitget has registered in the Seychelles and announced plans to increase its headcount by 50%.

According to the statement, the Bitget exchange operates in a decentralized manner, without a specific headquarters, with regional centers in strategic markets, and plans to create more regional centers in the future. Bitget has updated its hiring policy, setting a new goal of 1,200 employees by Q1 2023, with a 50% growth in staffing in a few months.

Registration of an exchange in the Seychelles is carried out in accordance with the Law on International Business Companies 2016. Bitget has also established regional hubs in Asia and Latin America markets and plans to strengthen its global footprint with more regional hubs, including in Europe and Africa. Bitget recently formed a $5 million relief fund to mitigate the effects of the collapse of the FTX exchange.

“We see the Seychelles as a friendly region for the crypto community. We have been working on this registration for several months – it will allow us to expand cooperation with partners and strengthen relationships with banks. We believe this will help attract talent from overseas as we focus on growth and scaling. It is critical for us to recruit highly qualified candidates around the world and establish regional hubs to simultaneously promote local communication and coordination in strategic markets,” said Gracie Chen, Managing Director of Bitget.

Bitget announced plans to expand the number of employees at the beginning of the summer, setting a goal to increase the staff to 1,000 people. Since June, the exchange has grown from 450 people to more than 800 people as of the end of September, up 78% in 4 months, according to Bitget. The exchange is currently looking for talented engineers as well as product, marketing and branding team members to provide users with the best social trading experience. According to Gracie Chen, the staff expansion is in line with Bitget’s global expansion and long-term strategy, and the new staff will help the exchange build a safe and secure platform.

Source: Bits