Company:Bitget

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Short description: Singaporean cryptocurrency exchange company
Bitget
TypePrivate company
IndustryFinancial services
Founded2018; 6 years ago (2018)
Headquarters
Singapore
ProductsCryptocurrency exchange, cryptocurrencies
Websitebitget.com

Bitget is a crypto exchange and digital assets trading platform, it was founded in 2018 with its headquarters in Singapore.[1][2][3]

Background

In September 2021, Bitget entered into a partnership with Juventus F.C. as its first crypto partner.[4][5]

In 2020, Bitget launched One-Click Copy Trade and has amassed more than 55,000 copy traders, with revenue totaling $300 million.[6] The daily trading volume in derivatives has reached 8.69 billion as of 28 February 2022, 300% more than the previous year.[7]

In September 2021, Bitget arranged 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 a partnership with CryptoHero.[6] 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.[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 got involved in a controversy and 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. It 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" (in en-GB). https://esportsinsider.com/2022/04/bitget-pgl-partnership. 
  2. ↑ Jones, Harvey (2021-12-09). "Bitget's suspension by Singapore over BTS dispute welcomed by cryptocurrency experts" (in en). https://www.thenationalnews.com/business/money/2021/12/09/bitgets-suspension-by-singapore-over-bts-dispute-welcomed-by-cryptocurrency-experts/. 
  3. ↑ Okogba, Emmanuel (2022-08-31). "BCG Report: Bitget surpasses FTX in derivatives trading volume, ranks third globally" (in en-GB). https://www.vanguardngr.com/2022/08/bcg-report-bitget-surpasses-ftx-in-derivatives-trading-volume-ranks-third-globally/. 
  4. ↑ "Juventus name Bitget as first-ever sleeve sponsor" (in en-GB). 2021-09-28. https://www.sportspromedia.com/news/juventus-bitget-sleeve-sponsor-serie-a-cryptocurrency/. 
  5. ↑ "Juventus sign crypto exchange Bitget as first sleeve sponsor" (in en-GB). 2021-09-28. https://www.insideworldfootball.com/2021/09/28/juventus-sign-crypto-exchange-bitget-first-sleeve-sponsor/. 
  6. ↑ 6.0 6.1 "Bitget、暗号資産ユーザー向けに自動売買ボット提供開始" (in ja). https://japan.cnet.com/release/30677272/. 
  7. ↑ "Bitget Grows Crypto Derivatives Trading Volums 300%". https://financefeeds.com/bitget-grows-crypto-derivatives-trading-volumes-300-yoy/. 
  8. ↑ "Bitget Signs Partnership with AI-Based Crypto Firm DigiMax" (in en). https://www.financemagnates.com/cryptocurrency/news/bitget-signs-partnership-with-ai-based-crypto-firm-digimax/. 
  9. ↑ "DigiMax Enters Collaboration Agreement with Bitget Exchange | Scoop News". August 31, 2021. https://www.scoop.co.nz/stories/WO2108/S00275/digimax-enters-collaboration-agreement-with-bitget-exchange.htm. 
  10. ↑ "Galatasaray secures Bitget sponsorship in Capital Sports Media brokered deal" (in en-GB). 2022-02-17. https://sponsorship.sportbusiness.com/news/galatasaray-secure-bitget-sponsorship-in-capital-sports-media-brokered-deal/. 
  11. ↑ "Kulübümüz ile Bitget Kripto Para Borsası sponsorluk anlaşması imzaladı". http://www.galatasaray.org/haber/kulup/kulubumuz-ile-bitget-kripto-para-borsasi-sponsorluk-anlasmasi-imzaladi/50433. 
  12. ↑ Šimić, Ivan (2022-01-27). "Team Spirit partners with cryptocurrency exchange Bitget" (in en-GB). https://esportsinsider.com/2022/01/team-spirit-crypto-bitget. 
  13. ↑ Lyons, Ben. "Team Spirit has partnered with Bitget" (in en). https://www.gamereactor.eu/esports/1056673/Team+Spirit+has+partnered+with+Bitget/. 
  14. ↑ Akamo, Ajibola (2022-07-27). "Nigeria has the second largest market for cryptocurrencies in Africa in 2022 – Bitget report" (in en-US). https://nairametrics.com/2022/07/27/nigeria-has-the-second-largest-market-for-cryptocurrencies-in-africa-in-2022-bitget-report/. 
  15. ↑ "Derivatives exchange Bitget launching in India" (in en). https://www.forbesindia.com/article/crypto-made-easy/derivatives-exchange-bitget-launching-in-india/75743/1. 
  16. ↑ "Bitget Announces Its Entry In India With Crypto Platform" (in en). http://businessworld.inhttps//www.businessworld.in/article/Bitget-Announces-Its-Entry-In-India-With-Crypto-Platform/27-04-2022-426748. 
  17. ↑ "Bitget enters India amidst crypto taxation policies" (in en). April 27, 2022. https://timesofindia.indiatimes.com/bitget-enters-india-amidst-crypto-taxation-policies/articleshow/91122902.cms. 
  18. ↑ Okogba, Emmanuel (2022-08-31). "BCG Report: Bitget surpasses FTX in derivatives trading volume, ranks third globally" (in en-GB). https://www.vanguardngr.com/2022/08/bcg-report-bitget-surpasses-ftx-in-derivatives-trading-volume-ranks-third-globally/. 
  19. ↑ "Bitget、DOTA 2 Major Arlington 2022のPGLとのスポンサーシップを更新" (in ja). https://japan.cnet.com/release/30744802/. 
  20. ↑ "PGL Renews Sponsorship with Bitget for DOTA 2 Major Arlington 2022" (in en). https://press.pglesports.com/201152-pgl-renews-sponsorship-with-bitget-for-dota-2-major-arlington-2022. 
  21. ↑ "Singapore suspends cryptocurrency exchange accused of misleading BTS fans" (in en-US). Washington Post. ISSN 0190-8286. https://www.washingtonpost.com/world/2021/12/07/bts-crypto-currency-army-coin-singapore/. 





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