Bitget to expand workforce by 50%, registers in Seychelles

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Cryptocurrency exchange Bitget plans to hire about 400 more staff, taking its total workforce to 1,200 by the first quarter of 2023, the company said in a statement on Tuesday.

See related article: Huobi plans Southeast Asia, Europe, Caribbean expansion

Fast facts

  • Bitget currently has over 800 employees. 
  • In the same statement, the exchange also announced its registration in Seychelles because it views “Seychelles as a friendly region for the crypto community.”
  • The new registration in Seychelles is under the 2016 International Business Companies Act, the statement said.
  • Bitget has regional hubs in Asia and Latin America markets and is planning on establishing regional hubs in Europe and Africa. 
  • Earlier this month, Bitget launched a US$5 million Builders’ Fund to help partners and traders affected by crypto exchange FTX’s collapse
  • The exchange also increased its Protection Fund to US$300 million from US$200 million in August, aimed at safeguarding users’ assets. 
  • See related article: India’s CoinDCX says it’s hiring to prepare for DeFi expansion

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