{"id":23396,"date":"2023-09-12T17:23:28","date_gmt":"2023-09-12T17:23:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitget-earmarks-another-100-million-for-global-expansion\/"},"modified":"2023-09-12T17:23:28","modified_gmt":"2023-09-12T17:23:28","slug":"bitget-earmarks-another-100-million-for-global-expansion","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitget-earmarks-another-100-million-for-global-expansion\/","title":{"rendered":"Bitget earmarks another $100 million for global expansion"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/194723323_m_normal_none-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/194723323_m_normal_none-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/194723323_m_normal_none-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/194723323_m_normal_none-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitget announced a new $100 million fund it\u2019s calling Empower X on Tuesday.<\/li>\n<li>The crypto exchange wants to tap on investment opportunities to diversify its business.<\/li>\n<li>Bitget made the announcement today at its 5th anniversary summit in Singapore.<\/li>\n<\/ul>\n<p>Bitget is in focus this morning after announcing plans of spending big on global expansion.<\/p>\n<h2>Bitget has established a new fund<\/h2>\n<p>On Tuesday, the crypto exchange revealed \u201c<a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitget-reveals-100-million-empowerx-fund-to-build-all-encompassing-ecosystem-301924489.html\" target=\"_blank\" rel=\"noopener\">Empower X<\/a>\u201d \u2013 a $100 million fund dedicated to investing in media organisations, data analytics firms, and regional exchanges.<\/p>\n<p>Bitget expects tapping on such investment opportunities to help diversify its business. According to its Managing Director Gracy Chen:<\/p>\n<blockquote>\n<p>Through strategic, targeted investments that foster long-term growth, we aim to expand our ecosystem of services to better serve evolving needs of users.<\/p>\n<\/blockquote>\n<p>The Seychelles-based company made the aforementioned announcement at its <a href=\"https:\/\/www.bitget.com\/blog\/articles\/bitget-5th-anniversary-collect2earn\" target=\"_blank\" rel=\"noopener\">5<sup>th<\/sup> anniversary<\/a> summit in Singapore. It was recently named one of the top four centralised exchanges by TokenInsight.<\/p>\n<h2>Bitget is committed to global expansion<\/h2>\n<p>Earlier this year, Bitget had earmarked $100 million to invest in Asia-focused Web3 startups. Its Managing Director Chen also said in a <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitget-reveals-100-million-empowerx-fund-to-build-all-encompassing-ecosystem-301924489.html\" target=\"_blank\" rel=\"noopener\">press release<\/a> today:<\/p>\n<blockquote>\n<p>CEX landscape is evolving \u2026 and more investment, merger and acquisition will happen in the following months. Our vision goes beyond the present.<\/p>\n<\/blockquote>\n<p>In March, the crypto exchange also spent $30 million to secure a controlling stake in BitKeep and rebranded the decentralised multichain wallet as Bitget Wallet.<\/p>\n<p>The announcement arrives shortly after Bitget <a href=\"https:\/\/www.bitget.com\/blog\/articles\/bitget-transparency-report-quarter-two-twenty-twenty-three\" target=\"_blank\" rel=\"noopener\">reported<\/a> a 1.8% increase in its market share in the second quarter of this year to 8.7%. It has recently registered successfully in Lithuania.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitget-100-million-fund-empower-x\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitget announced a new $100 million fund it\u2019s calling Empower X on Tuesday. The crypto exchange wants to tap on investment opportunities to diversify its business. Bitget made the announcement today at its 5th anniversary summit in Singapore. Bitget is in focus this [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":23397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23396"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23396"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23397"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}