 | The topic of this draft may not meet Wikipedia's
notability guidelines for companies and organizations. (March 2024) |
Bitget is a Seychelles-based cryptocurrency exchange. Founded in 2018, it is the 12th-largest exchange as of November 2023, offering futures, derivatives, and copy trading. [1] Having been the subject of several regulatory investigations and scrutiny, [2] the exchange operates a native cryptocurrency token called the Bitget Token (BGB). [3]
History
Bitget was launched in Singapore in 2018 by Sandra Lou. [4] [5]
On November 5, 2021, Bitget launched a Turkish website. [5]
In September 2021, the exchange partnered with Juventus FC. [6]
In October 2021, Bitget was legally threatened by Hybe Corporation, which manages BTS, for the promotion of a currency named Army Coin, which was named after BTS' "ARMY" fanbase. According to the Financial Times, the coin "fluctuated by up to 78 times its value in a day, rising back and forth between $1,000 and $78,000 within minutes". [2] In December, the exchange was suspended by the Monetary Authority of Singapore as a result. [7]
In October 2022, Bitget partnered with Lionel Messi. [8] [9] [10]
In 2023, Bitget invested $30 million in Bitkeep, a cryptocurrency wallet. [11] [4]
In April 2023, Dragonfly Capital, a San Francisco-based crypto-focused investment venture, funded a US$10 million investment in exchange for participation in Bitget's strategic financing round. [12] Bitget also launched a US$100 million venture fund in Hong Kong. [13]
In December 2023, Bitget halted the operations of its Hong Kong subsidiary BitgetX, citing "market-related considerations." [1]
References
- ^ a b "Crypto exchange Bitget pulls out of Hong Kong, stops pursuing licence". South China Morning Post. 2023-11-14. Retrieved 2024-03-01.
- ^ a b Ruehl, Mercedes; Davis, Christian (December 4, 2021). "Singapore suspends crypto exchange caught in spat with K-pop group BTS". Financial Times. Retrieved 2024-03-01.
- ^ "Bitget Token (BGB) Price Today, News & Live Chart | Forbes Crypto Market Data". Forbes. Retrieved 2024-03-04.
- ^ a b "Bitget invests $30M in multi-chain wallet BitKeep to extend its services" (Press release). March 23, 2023. Retrieved 2024-03-01 – via Tech Funding News.
- ^ a b Ni, Vincent (2021-12-05). "Singapore suspends crypto exchange over row with K-pop band BTS". The Guardian. ISSN 0261-3077. Retrieved 2024-03-06.
- ^ McQuaid, Darius (November 22, 2022). "Juventus FC players ask for crypto tips, says Bitget MD". Capital.com. Retrieved 2024-03-01.
- ^ Berger, Miriam (2021-12-07). "Singapore suspends cryptocurrency exchange accused of misleading BTS fans". The Washington Post. Retrieved 2024-03-06.
- ^ "Bitget partners with Leo Messi" (Press release). 2019-12-27. Retrieved 2024-03-04 – via The Sun (Nigeria).
- ^ "Lionel Messi". Forbes. Retrieved 2024-03-05.
- ^ Staff, Forbes (2022-10-22). "Messi se asocia con otra criptofirma: el exchange Bitget". Forbes Colombia (in Spanish). Retrieved 2024-03-06.
- ^ Melinek, Jacquelyn (2023-03-23). "SEC clamps down on Coinbase and Tron, while Do Kwon is arrested overseas". TechCrunch. Retrieved 2024-03-04.
- ^ Schwartz, Leo (April 4, 2023). "Crypto trading platform Bitget gets $10 million funding round from Dragonfly". Fortune. Retrieved 2024-03-01.
- ^ Keeton-Olsen, Danielle (2023-06-04). "Asian hubs set to reap gains from US crypto crackdown". South China Morning Post. Retrieved 2024-03-06.
| The topic of this draft may not meet Wikipedia's
notability guidelines for companies and organizations. (March 2024) |
Bitget is a Seychelles-based cryptocurrency exchange. Founded in 2018, it is the 12th-largest exchange as of November 2023, offering futures, derivatives, and copy trading. [1] Having been the subject of several regulatory investigations and scrutiny, [2] the exchange operates a native cryptocurrency token called the Bitget Token (BGB). [3]
History
Bitget was launched in Singapore in 2018 by Sandra Lou. [4] [5]
On November 5, 2021, Bitget launched a Turkish website. [5]
In September 2021, the exchange partnered with Juventus FC. [6]
In October 2021, Bitget was legally threatened by Hybe Corporation, which manages BTS, for the promotion of a currency named Army Coin, which was named after BTS' "ARMY" fanbase. According to the Financial Times, the coin "fluctuated by up to 78 times its value in a day, rising back and forth between $1,000 and $78,000 within minutes". [2] In December, the exchange was suspended by the Monetary Authority of Singapore as a result. [7]
In October 2022, Bitget partnered with Lionel Messi. [8] [9] [10]
In 2023, Bitget invested $30 million in Bitkeep, a cryptocurrency wallet. [11] [4]
In April 2023, Dragonfly Capital, a San Francisco-based crypto-focused investment venture, funded a US$10 million investment in exchange for participation in Bitget's strategic financing round. [12] Bitget also launched a US$100 million venture fund in Hong Kong. [13]
In December 2023, Bitget halted the operations of its Hong Kong subsidiary BitgetX, citing "market-related considerations." [1]
References
- ^ a b "Crypto exchange Bitget pulls out of Hong Kong, stops pursuing licence". South China Morning Post. 2023-11-14. Retrieved 2024-03-01.
- ^ a b Ruehl, Mercedes; Davis, Christian (December 4, 2021). "Singapore suspends crypto exchange caught in spat with K-pop group BTS". Financial Times. Retrieved 2024-03-01.
- ^ "Bitget Token (BGB) Price Today, News & Live Chart | Forbes Crypto Market Data". Forbes. Retrieved 2024-03-04.
- ^ a b "Bitget invests $30M in multi-chain wallet BitKeep to extend its services" (Press release). March 23, 2023. Retrieved 2024-03-01 – via Tech Funding News.
- ^ a b Ni, Vincent (2021-12-05). "Singapore suspends crypto exchange over row with K-pop band BTS". The Guardian. ISSN 0261-3077. Retrieved 2024-03-06.
- ^ McQuaid, Darius (November 22, 2022). "Juventus FC players ask for crypto tips, says Bitget MD". Capital.com. Retrieved 2024-03-01.
- ^ Berger, Miriam (2021-12-07). "Singapore suspends cryptocurrency exchange accused of misleading BTS fans". The Washington Post. Retrieved 2024-03-06.
- ^ "Bitget partners with Leo Messi" (Press release). 2019-12-27. Retrieved 2024-03-04 – via The Sun (Nigeria).
- ^ "Lionel Messi". Forbes. Retrieved 2024-03-05.
- ^ Staff, Forbes (2022-10-22). "Messi se asocia con otra criptofirma: el exchange Bitget". Forbes Colombia (in Spanish). Retrieved 2024-03-06.
- ^ Melinek, Jacquelyn (2023-03-23). "SEC clamps down on Coinbase and Tron, while Do Kwon is arrested overseas". TechCrunch. Retrieved 2024-03-04.
- ^ Schwartz, Leo (April 4, 2023). "Crypto trading platform Bitget gets $10 million funding round from Dragonfly". Fortune. Retrieved 2024-03-01.
- ^ Keeton-Olsen, Danielle (2023-06-04). "Asian hubs set to reap gains from US crypto crackdown". South China Morning Post. Retrieved 2024-03-06.