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Bitget Launches $100M EmpowerX Fund to Expand Crypto Ecosystem and Invest in Regional Exchanges and Entities

Bitget, a crypto derivatives platform, has announced the launch of a $100 million fund called Bitget EmpowerX Fund. The fund will invest in regional exchanges, media organisations, analytics firms, and entities that can contribute to its growth. Bitget believes that diversifying its services to meet the needs of its global user base is key to expanding the native crypto ecosystem.

The company expects more investments, mergers, and acquisitions in the coming months as the centralized exchange landscape evolves with changes in regulations. Bitget also launched a $100 million Web3 fund for crypto projects in Asia earlier this year.

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