Decentralized operations are carried out by the exchange, which does not have a single headquarters location. Instead, it maintains regional hubs in key markets and has future ambitions to establish other regional hubs. To better satisfy user demand and promote company development, the exchange has also amended its recruiting strategy with a new target of 1200 personnel by the first quarter of 2023. This represents an increase in the workforce of another 50% from its current size.
Under the provisions of the International Business Companies Act of 2016, this new registration in Seychelles was granted. In addition to registering itself in the Seychelles, Bitget has also built regional hubs in the markets of Asia and LATAM. In the future, the company intends to extend its worldwide footprint by establishing more regional hubs, such as ones in the areas of Europe and Africa. In the past few weeks, Bitget has taken a number of steps to build up trust and confidence with users and the cryptocurrency industry. These initiatives include the creation of the USD 5 million Builders' Fund and an increase in the size of the USD 300 million Protection Fund. The stock market is also speeding up its plans to hire new employees, displaying no evidence that it has been impacted in any way by the recent unrest.
At the beginning of June of this year, Bitget made the initial announcement that the firm will soon quadruple its employment to a total of 1000 people by the end of 2022. Bitget has further increased its goal to increase the size of its employees to 1200 by the first quarter of 2023 in order to better satisfy the increasing demand from its users and the expansion of its company. Since June 2022, when there were 450 people on the firm's team, there are now over 800 people on that team. This is a growth of 78% in just 4 months, and the company plans to continue increasing its staff by another 50% until it reaches the new goal. To give its customers the very best experience possible when it comes to social trading, the team is now on the lookout for skilled members of the engineering, product, marketing, and branding teams.
The Managing Director of Bitget, Gracy Chen, was quoted as saying, "We regard Seychelles as a hospitable area for the crypto community." We have been hard at work on this registration over the past few months, and we are thrilled to finally be able to report its progress. Our expansion with various partnerships, such as those with the Argentine football legend Lionel Messi and the Italian football club Juventus, is made possible by the fact that Bitget is registered in the Republic of Seychelles, which provides a positive environment for the company. This enables us to unlock collaborations with partners and strengthen relationships with banking institutions. Bitget, which operates on a worldwide scale, has completely embraced the idea behind Web3, which enables the team to operate in a decentralized manner and does not require a distinct headquarters. As a company that is hyper-focused on growth and scaling up, we feel that doing this can assist us in attracting talent from across boundaries. It is essential for us to recruit high-caliber individuals all over the world and establish regional hubs to help in local communication and coordination in important markets at the same time.
Gracy continues by saying, "Our hiring is always in alignment with our worldwide expansion and long-term plan, and we will continue to hire despite the present attitude of the market." Bitget will be able to establish a secure and dependable platform with the assistance of capable and suitable people, which will result in more traction among users in the fiercely competitive sector and, eventually, lead to a more trustworthy and robust platform that better serves the community.
About Bitget
Bitget is one of the top five major cryptocurrency exchanges in the world. It was founded in 2018, and it currently serves over 8 million customers in more than 100 countries. Key aspects of Bitget include its unique products and social trading services.
The goal of the exchange is to increase crypto adoption through collaborations with credible partners, such as the legendary Argentinian footballer Lionel Messi, the Italian leading football team Juventus, the PGL Major's official esports crypto partner, and the leading esports organization Team Spirit. In addition, the exchange is committed to providing users with trading solutions that are both secure and can be completed in a single location.
