Seychelles-based Bitget is trying to rent 300 extra individuals throughout operations, compliance, analysis and growth, and buyer help, the cryptocurrency alternate mentioned on Wednesday.
See associated article: Bitget crypto exchange still hiring, eyes Hong Kong license, to rebrand BitKeep wallet
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- Bitget has about 1300 staff, based on its first-quarter report.
- In contrast to many exchanges that fired employees all through the latest contraction of the Web3 trade often known as “crypto winter,” Bitget announced final November that it was trying to broaden its workforce by 50%.
- Within the first quarter of 2023, the entire spot and futures buying and selling quantity on the buying and selling platform reached US$59 billion and US$658 billion, respectively, the corporate mentioned in its quarterly report. This marked an 8% quarter-on-quarter development for spot buying and selling and a 27% enhance for futures buying and selling.
- Bitget mentioned it generated round US$41 million in income by means of its copy trading, a function that enables traders to comply with different skilled merchants to have the identical positions.
- The report mentioned its reserves ratio relative to the property backing buyer deposits elevated to 246% on April 3 from 223% on December 30 final yr.
- Bitget added that Bitcoin’s value rebound final quarter raised the e book worth of its emergency insurance reserve to greater than US$380 million from US$300 million within the earlier quarter.
- Bitcoin costs dropped to below US$16,000 final November for the primary time since 2020. The world’s largest cryptocurrency has since recovered and was buying and selling across the US$28,000 vary on the finish of Q1, CoinMarketCap knowledge exhibits.
- The 5-year-old alternate, which claims to have greater than 8 million customers in 100 nations, launched a US$100 million Asia-focused fund final month to help the event of blockchain, cryptocurrency, and non-fungible token tasks.
- Bitget’s BGB token misplaced 1.64% to US$0.4573 in 24 hours to 9.30 p.m. in Hong Kong, based on CoinMarketCap.
See associated article: Bitget crypto exchange still hiring, eyes Hong Kong license, to rebrand BitKeep wallet
