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Dragonfly Capital Invests $10 Million in Crypto Derivatives Exchange Bitget

Dragonfly Capital has invested $10 million in Bitget, a fast-growing crypto derivatives exchange. Bitget recently acquired crypto wallet BitKeep and had eight million users prior to the deal.

The exchange serves customers mainly in Asia, Latin America, and Europe and was ranked as a top three derivatives exchange in a Boston Consulting Group report last July.

Bitget plans to expand into spot trading and yield-generating products and will use the investment from Dragonfly to grow its launchpad initiative and for global initiatives to get more people to buy into crypto. Dragonfly is known for being one of the most active venture investors in the crypto sector.

Bitget BitKeep
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