Seychelles-based Bitget is looking to hire 300 more people across operations, compliance, research and development, and customer support, the cryptocurrency exchange said on Wednesday.
See related article: Bitget crypto exchange still hiring, eyes Hong Kong license, to rebrand BitKeep wallet
Fast facts
- Bitget has about 1300 employees, according to its first-quarter report.
- Unlike many exchanges that fired employees throughout the recent contraction of the Web3 industry known as “crypto winter,” Bitget announced last November that it was looking to expand its workforce by 50%.
- In the first quarter of 2023, the total spot and futures trading volume at the trading platform reached US$59 billion and US$658 billion, respectively, the company said in its quarterly report. This marked an 8% quarter-on-quarter growth for spot trading and a 27% increase for futures trading.
- Bitget said it generated around US$41 million in profits through its copy trading, a feature that allows investors to follow other professional traders to have the same positions.
- The report said its reserves ratio relative to the assets backing customer deposits increased to 246% on April 3 from 223% on December 30 last year.
- Bitget added that Bitcoin’s price rebound last quarter raised the book value of its emergency insurance reserve to more than US$380 million from US$300 million in the previous quarter.
- Bitcoin prices dropped to under US$16,000 last November for the first time since 2020. The world’s largest cryptocurrency has since recovered and was trading around the US$28,000 range at the end of Q1, CoinMarketCap data shows.
- The 5-year-old exchange, which claims to have more than 8 million users in 100 countries, launched a US$100 million Asia-focused fund last month to support the development of blockchain, cryptocurrency, and non-fungible token projects.
- Bitget’s BGB token lost 1.64% to US$0.4573 in 24 hours to 9.30 p.m. in Hong Kong, according to CoinMarketCap.
See related article: Bitget crypto exchange still hiring, eyes Hong Kong license, to rebrand BitKeep wallet
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://forkast.news/headlines/bitget-expansion-hire-cryptocurrency/
- :has
- :is
- ][p
- 000
- 1
- 100
- 2020
- 2023
- 24
- 30
- 8
- 9
- a
- About
- According
- across
- added
- allows
- an
- and
- April
- around
- article
- AS
- Assets
- At
- backing
- Billion
- Bitget
- BitKeep
- blockchain
- book
- by
- claims
- CoinMarketCap
- company
- compliance
- contraction
- countries
- crypto
- crypto exchange
- cryptocurrency
- Cryptocurrency Exchange
- customer
- Customer Support
- data
- December
- deposits
- Development
- down
- dropped
- employees
- end
- exchange
- Exchanges
- Expand
- expansion
- Eyes
- Feature
- First
- first time
- follow
- For
- from
- fund
- Futures
- Futures Trading
- generated
- Growth
- Have
- hire
- Hiring
- Hong
- Hong Kong
- HOURS
- HTTPS
- in
- Increase
- increased
- industry
- insurance
- Investors
- IT
- ITS
- jpg
- known
- Kong
- largest
- Last
- Last Year
- License
- looking
- lost
- many
- marked
- million
- Month
- more
- non-fungible
- non-fungible token
- November
- of
- on
- Operations
- Other
- People
- platform
- plato
- Plato Data Intelligence
- PlatoData
- positions
- previous
- price
- Prices
- professional
- profits
- projects
- Q1
- Quarter
- raised
- range
- ratio
- reached
- rebound
- Rebrand
- recent
- related
- report
- research
- research and development
- reserves
- Said
- same
- Shows
- since
- Spot
- Spot Trading
- Still
- support
- than
- that
- The
- this
- Through
- throughout
- time
- to
- token
- Token Projects
- Total
- Traders
- Trading
- Trading Platform
- trading volume
- under
- US$100 million
- users
- value
- volume
- was
- Web3
- Web3 industry
- Wednesday
- which
- Winter
- Workforce
- world’s
- year
- zephyrnet
More from Forkast
Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen
Source Node: 1627798
Time Stamp: Aug 17, 2022
MicroStrategy boosts Bitcoin bet with US$700 million debt offering
Source Node: 2510461
Time Stamp: Mar 7, 2024
Markets: Bitcoin, Ether extend losses: Solana, Polygon biggest losers
Source Node: 1941435
Time Stamp: Feb 6, 2023
HK crypto over-the-counter service Genesis Block to end trading: Reuters
Source Node: 1758913
Time Stamp: Nov 18, 2022
Crypto market gets boost from court ruling for Grayscale
Source Node: 2244132
Time Stamp: Aug 30, 2023
Markets: Bitcoin, Ether mixed; Solana hit six-week low overnight, Dogecoin dips
Source Node: 1634755
Time Stamp: Aug 22, 2022
Singapore’s MAS to further strengthen crypto regulations
Source Node: 1582583
Time Stamp: Jul 19, 2022