Leading global cryptocurrency exchange Bitget announces that it has registered in Seychelles to aid global expansion.

The exchange operates in a decentralized manner with no specific headquarters, with regional hubs in strategic markets, and plans to set up more regional hubs in the future. The exchange has also updated its recruitment plan with a new target of 1200 headcount by the first quarter of 2023, increasing its workforce by another 50% from its existing size to better meet user demand and support business growth.

This new registration in Seychelles is under the 2016 International Business Companies Act. Together with the registration in Seychelles, Bitget has also established regional hubs in Asia and LATAM markets and plans to strengthen its global presence with more regional hubs, such as ones in Europe and Africa regions.

In the past few weeks, Bitget has taken a series of initiatives to build up trust and confidence with users and the crypto industry, including launching the USD 5 million Builders’ Fund and increasing the Protection Fund size to USD 300 million. The exchange is also accelerating its hiring plans, not showing any signs of being affected by the recent turmoil. 

Bitget, earlier in June this year, originally announced that the company would double its workforce to 1000 employees by the end of 2022. To better meet the growing user demand and business development, Bitget has further raised its target to grow its workforce to 1200 by the first quarter of 2023.