To support its global expansion, the top crypto exchange Bitget has announced that it has registered in Seychelles. The exchange runs decentralized operations with no central headquarters, regional hubs in essential markets, and plans to add more regional hubs.
To satisfy demands and promote company growth, the exchange has also amended its recruitment plan with a new target of 1200 staff by the first quarter of 2023, an increase of another 50% from its current size.
The exchange declares its seychelles registration.
Under the 2016 International Business Companies Act, a new registration has been made in Seychelles. In addition to registering in Seychelles, Bitget has regional hubs in the LATAM and Asian markets. It intends to expand its regional hub network to include hubs in the European and African continents.
Bitget has launched the USD 5 million Builders’ Fund and increased the size of the Protection Fund to $300 million in recent weeks from the initial $200 as of August as part of a series of steps to foster trust and confidence with users and the crypto industry. The exchange is also moving through with its recruiting plans, displaying no signs that the recent unrest has had an impact.
Bitget intends to set up regional centers in Europe and Africa
Bitget initially declared in June of this year that the business would quadruple its employment to 1000 employees by the end of 2022. Bitget has increased its objective to increase its workforce to 1200 by the first quarter of 2023 to satisfy the growing user demand and company expansion.
The company will continue growing by 50% until the headcount meets the new target, from a staff of 450 in June 2022 to over 800. This is a 78% growth within four months. For the finest social trading experience for its customers, the team recruits strong engineers and product, marketing, and branding team members. They consider Seychelles to be a welcoming region for the crypto community,
According to Bitget’s managing director, Gracy Chen. They’ve been working on this registration for a while and are excited to share the progress today. In addition to its expansion with various partnerships, including the Argentine football legend Lionel Messi and the Italian football club Juventus, Bitget’s registration in Seychelles will provide a beneficial environment that will enable it to unlock collaborations with partners and strengthen banking relationships.
With an international reach, Bitget fully embraces the idea of Web3, allowing the team to function decentralized without a distinct headquarters. Due to our intense focus on expansion and scaling up, doing this will enable them to recruit talent from across international borders. They must simultaneously establish regional hubs to facilitate local coordination and communication in crucial areas while recruiting top talent on a global scale.
Gracy also states that it will keep hiring despite the current state of the market because it is hiring always fits with our long-term plan and worldwide expansion. Strong user adoption in the fiercely competitive market and the ultimate emergence of a more dependable and robust environment that better serves the community will result from Bitget’s ability to construct a safe and reliable platform with qualified and competent staff.