Bitget launches in Seychelles to double staff globally
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One of the leading cryptocurrency trading platforms, Bitget, announced registering a new office in Seychelles. The launch of this office will support the platform’s expansion globally.
Bitget launches a new office in Seychelles
Bitget is one of the leading digital asset exchanges. The company has announced that it will expand its workforce by half. This will allow the exchange to realize an employee base of 1,200 by the end of the first quarter of 2021.
A press release from the exchange has also said that its operations are largely decentralized, and it does not have any single headquarters locations. The platform is now looking to create new branches strategically to reach a larger market base.
The brand that Bitget is opening in Seychelles was registered using the 2016 International Business Companies Act. During the past few weeks, Bitget has announced plans to expand in the LATAM and Asia regions by opening new branches. The company’s efforts at global expansion are part of its corporate strategy.
The Managing Director at Bitget, Gracy Chen, commented on this development saying that Seychelles had a friendly climate for the cryptocurrency sector. Moreover, the exchange had been working on securing this registration for several months, and it was pleased to announce this move.
“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,” Chen added.
Bitget wants to expand its global workforce
Chen also said that it was important for the trading platform to seek the services of global candidates with the required skills. Moreover, launching regional hubs would also support local communication and coordination within the strategic markets.
Bitget is also planning to address the current user demand while supporting the future growth of its core business. The exchange plans to employ money market professionals globally while setting a new target with a headcount of 1,200 people by the end of the coming quarter.
Bitget is already making an effort to expand its workforce. Earlier this year, the exchange expanded its workforce by 450 employees. Within four months, the company has increased the number of employees by 78%, and the number now stands at more than 800. The increase in staff numbers will also support the exchange’s expansion.