In a bid to expand, global cryptocurrency exchange platform, Bitget had announced it registration in Seychelles.
The exchange operates in a decentralised manner, causing it to be distributed across the globe with no specific headquarters, with regional hubs in strategic markets, and plans to set up more regional hubs in the future. In meeting users demand and supporting business growth, recruitment plan has been updated with a new target of 1200 headcount by the first quarter of 2023, increasing its workforce by another 50 per cent from its existing size.
In June this year, Bidget announced that the company would double its workforce to 1000 employees by the end of 2022. To better meet the growing user demand and business development, Bitget has further raised its target to grow its workforce to 1200 by the first quarter of 2023. So far, the company has gone from a team of 450 in June 2022 to over 800 currently, a 78 per cent growth within four months, and will continue to increase another 50 per cent until its headcount till reaching the new target.
The exchange is also accelerating its hiring plans, not showing any signs of being affected by the recent turmoil.
This new registration in Seychelles is under the 2016 International Business Companies Act. Together with the registration in Seychelles, Bitget has also established regional hubs in Asia and LATAM markets and plans to strengthen its global presence with more regional hubs such as ones in Europe and Africa regions. In the past few weeks, Bitget has taken a series of initiatives to build up trust and confidence with users and the crypto industry, including launching the USD five million Builders’ Fund and increasing the Protection Fund size to USD 300 million.
Managing Director of Bitget, Gracy Chen said “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. The registration in Seychelles offers a constructive environment for Bitget, enabling us to unlock collaborations with partners and strengthen banking relationships, along with our expansion with different partnerships, such as the Argentine football legend Lionel Messi and the Italian football club Juventus. With a global footprint, Bitget fully embraces the concept of Web3, allowing the team to work in a decentralized way without a specific headquarters. We believe doing this can help us attract talent across borders as we are hyper-focused on growth and scaling up. It is crucial for us to recruit high-calibre candidates globally and set up regional hubs to aid local communication and coordination in strategic markets simultaneously.”
She added, “Our recruitment always aligns with our global expansion and long-term strategy, and we will continue to hire despite current market sentiment as the team is currently looking for talented engineers, and product, marketing, and branding team members to provide the best social trading experience for its users. Bitget will build a safe and reliable platform, which will gain stronger momentum among users in the fiercely competitive industry and eventually lead to a more trustworthy and robust platform that better serves the community.”
