Bitget Reveals $100 Million EmpowerX Fund To Build All-Encompassing Ecosystem 


VICTORIA, Seychelles, September 12, 2023 — Bitget, top crypto derivatives and copy trading exchange, has announced the establishment of the Bitget EmpowerX Fund. The new fund will be dedicated to fostering the platform’s ecosystem development, which will seek investment opportunities in regional exchanges, data analytics firms, media organizations and other entities that contribute to the growth of its ecosystem.
The EmpowerX Fund will invest with a capital base of $100 million, signaling Bitget's ambitious vision. These resources will be strategically and selectively invested to maximize the company’s long-term impact in the digital assets space and its ecosystem. Bitget believes that the key to expanding the native ecosystem lies in diversifying services to cater to the varied demands of the global user base. From a strategic perspective, Bitget aims to broaden its business horizons, creating a comprehensive trading ecosystem encompassing trading, investment, research, DeFi, media, and other functions.
“The CEX landscape is continually evolving amid influences of tightened regulations, rapid growth of Layer 2 and DeFi technologies, and we are expecting that more investment, meager and acquisition will happen in the following months. Our vision goes beyond the present. With the launch of the Bitget EmpowerX Fund, we take another major step in our mission to develop Bitget into a truly comprehensive platform for all needs. Through strategic, targeted investments that foster long-term growth, we aim to continually expand our ecosystem of services to better serve the evolving needs of users. We also want to empower other people in our industry, because a rising tide lifts all boats.” as Gracy Chen, the Managing Director of Bitget, commented on the launch of the EmpowerX Fund.
For years now, Bitget has been on a relentless journey to evolve alongside the ever-changing crypto world. As both an industry and community, we have remained dedicated to supporting the development of the next generation of innovation, the latest being the launch of the $100 Million Web3 Fund in April of 2023. The fund focuses on identifying VCs and projects globally, while prioritising Asia-based partners with a clear roadmap and innovations driven to solving real-world problems. The VCs the Bitget Web3 Fund has invested in are Foresight Ventures, Dragonfly Capital, SevenX Ventures, Gitcoin Fund, DAO Maker, and ABCDE Capital.
Bitget is actively pushing forward its decentralized strategies. Bitget announced a $30 million investment in the decentralized BitKeep multi-chain wallet in March, which was later rebranded into the Bitget Wallet. This move makes Bitget the controlling stakeholder in the wallet, marking a significant step forward in the decentralized space.
On the other hand, Bitget is also strengthening its competitive edges in the centralized domain. It continuously optimizes trading experience, enriches product matrix and steps up membership cultivation efforts. The new “Trade smarter” rebranding philosophy now underpins Bitget’s market direction, emphasizing its dedication to empowering individuals with intuitive tools for a secure, user-friendly, and efficient financial future. The exchange intends to continue developing its native ecosystem, adding new products and features to maintain user interest and drive new engagements.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange that offers Copy Trading services as one of its key features. Serving over 20 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
- Press releaseBitget Launches Bitget Onchain to Give CEX Users Early Access to Promising On-chain Assets Victoria, Seychelles, 7th April 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, unveils Bitget Onchain — a groundbreaking innovation that bridges the best of CEX and DEX. By combining the speed, security, and simplicity of centralized platforms with direct access to emerging on-chain assets, Bitget Onchain redefines how users discover and trade the next wave of crypto opportunities. Bitget Onchain provides on-chain asset transactions directly on the Bitge
2025-04-07
- Press releaseBitget Lists Story Protocol (IP) with Exclusive Launchpool Rewards and Spot Trading Victoria, Seychelles, 13th February 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Story Protocol (IP) on its platform, with trading available on the spot market and the launch of an exclusive Launchpool rewards campaign. Spot trading for IP will go live on 13 February 2025, 9:00 (UTC) under the IP/USDT pair, allowing users to trade the token seamlessly. In addition, the Launchpool campaign, starting from 13 February 2025, 12:00 (UTC) to 15 Fe
2025-02-13
- Press releaseBitget Chief of Legal's Open Letter Highlights Expansion and Regulatory Compliance Plans Victoria, Seychelles, April 7th, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has published an open letter by its Chief Legal Officer, Hon Ng, which highlights the exchange's efforts in global regulatory compliance and expansion. The CEX continues to grow in the global crypto market by securing regulatory approvals and expanding its operations. With a strong focus on compliance, Bitget is navigating evolving regulatory landscapes with over eight licenses obtained whil
2025-04-07