Crypto Exchange Bitget Establishes $100M Pot to Fund Ecosystem Growth

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Crypto Exchange Bitget Establishes $100M Pot to Fund Ecosystem Growth
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Bitget anticipates tightened regulations and growth of layer-2 blockchain networks and DeFi technologies bringing about an evolution in how centralized exchanges operate.

"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," Managing Director Gracy Chen said."We also want to empower other people in our industry, because a rising tide lifts all boats.”

Bitget said it expects tightened regulations and growth of layer-2 blockchain networks and DeFi technologies to bring about an evolution in how centralized exchanges operate. It is, therefore, seeking to diversify the services it can offer and capitalize on merger and acquisition opportunities that will be presented in the coming months.

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