Bitget

Bitget is a cryptocurrency exchange and digital asset trading platform founded in 2018. It is registered in the Seychelles.[1][2][3]

Bitget
TypePrivate company
IndustryFinancial services
Founded2018 (2018)
ProductsCryptocurrency exchange, cryptocurrencies
WebsiteOfficial website

Background

In 2020, Bitget launched One-Click Copy Trade, which has amassed more than 80,000 copy traders.[4] The daily trading volume in derivatives reached $8.69 billion as of February 28, 2022.[5]

In September 2021, Bitget entered into a partnership with Juventus F.C. as its first crypto partner.[6][7]

In September 2021, Bitget entered into a partnership with DigiMax, an artificial intelligence (AI) technology company.[8][9]

In early 2022, Bitget announced a partnership with the Turkish football club Galatasaray S.K..[10][11] In the same year, Bitget partnered with the Russian eSports organization, Team Spirit.[12][13][14]

In April 2022, Bitget introduced automated trading bots on its platform via partnership with CryptoHero.[4] In the same month, Bitget announced its entry into India following India's levied crypto taxation policies.[15][16][17]

In August 2022, Bitget launched a protection fund of $200 million to safeguard the assets and ensure security against hacks, and later in November 2022, the company announced it will increase the fund to $300 Million and pledging no withdrawal for at least 3 years.[3]

In October 2022, Bitget announced that it had partnered with Leo Messi[18]

Bitget was named the exclusive cryptocurrency partner of PGL Major Antwerp 2022 and PGL Dota 2 Major Arlington 2022.[19][20]

Controversy

In 2021, Bitget lost its license in Singapore when it announced a new K-pop digital currency, Army coin, named after the followers of the famous K-pop boy band BTS. It caused a clash with the BTS agency, Hybe, which released a statement denying links between the token and the K-pop band a day later.[21]

References
  1. Hyrliková, Henrieta (2022-04-12). "Bitget to sponsor PGL's Major Antwerp 2022 and Dota 2 Major Arlington 2022". Esports Insider. Retrieved 2022-09-27.
  2. Jones, Harvey (2021-12-09). "Bitget's suspension by Singapore over BTS dispute welcomed by cryptocurrency experts". The National. Retrieved 2022-09-27.
  3. Okogba, Emmanuel (2022-08-31). "BCG Report: Bitget surpasses FTX in derivatives trading volume, ranks third globally". Vanguard News. Retrieved 2022-09-27.
  4. "Bitget、暗号資産ユーザー向けに自動売買ボット提供開始". japan.cnet.com (in Japanese). Retrieved 2022-09-27.
  5. "Bitget Grows Crypto Derivatives Trading Volums 300%".
  6. "Juventus name Bitget as first-ever sleeve sponsor". SportsPro. 2021-09-28. Retrieved 2022-09-27.
  7. "Juventus sign crypto exchange Bitget as first sleeve sponsor". Inside World Football. 2021-09-28. Retrieved 2022-09-27.
  8. "Bitget Signs Partnership with AI-Based Crypto Firm DigiMax". Finance Magnates. Retrieved 2022-09-27.
  9. "DigiMax Enters Collaboration Agreement with Bitget Exchange | Scoop News". www.scoop.co.nz. August 31, 2021. Retrieved 2022-09-27.
  10. "Galatasaray secures Bitget sponsorship in Capital Sports Media brokered deal". SportBusiness Sponsorship. 2022-02-17. Retrieved 2022-09-27.
  11. "Kulübümüz ile Bitget Kripto Para Borsası sponsorluk anlaşması imzaladı". www.galatasaray.org. Retrieved 2022-09-27.
  12. Šimić, Ivan (2022-01-27). "Team Spirit partners with cryptocurrency exchange Bitget". Esports Insider. Retrieved 2022-09-27.
  13. Lyons, Ben. "Team Spirit has partnered with Bitget". Gamereactor UK. Retrieved 2022-09-27.
  14. Akamo, Ajibola (2022-07-27). "Nigeria has the second largest market for cryptocurrencies in Africa in 2022 – Bitget report". Nairametrics. Retrieved 2022-09-27.
  15. "Derivatives exchange Bitget launching in India". www.forbesindia.com. Retrieved 2022-09-27.
  16. "Bitget Announces Its Entry In India With Crypto Platform". BW Businessworld. Retrieved 2022-09-27.
  17. "Bitget enters India amidst crypto taxation policies". The Times of India. April 27, 2022. Retrieved 2022-09-27.
  18. Bitget. "Bitget partners with Leo Messi". www.prnewswire.com (Press release). Retrieved 2022-11-07.
  19. "Bitget、DOTA 2 Major Arlington 2022のPGLとのスポンサーシップを更新". japan.cnet.com (in Japanese). Retrieved 2022-09-27.
  20. "PGL Renews Sponsorship with Bitget for DOTA 2 Major Arlington 2022". press.pglesports.com. Retrieved 2022-09-27.
  21. "Singapore suspends cryptocurrency exchange accused of misleading BTS fans". Washington Post. ISSN 0190-8286. Retrieved 2022-09-27.
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