Bitget registers in Seychelles, plans to increase headcount

Quick Take

  • Bitget has registered in Seychelles.
  • The crypto exchange plans to increase its headcount in an effort to expand globally.

Bitget has registered in Seychelles as part of the crypto exchange's plans to expand globally and establish more regional hubs.

The registration falls under the archipelagic country's 2016 International Business Companies Act, according to a statement

Additionally, the exchange — which purports to "operate in a decentralized manner with no specific headquarters" — claims to be targeting a 50% increase in headcount, up to 1,200, by the first quarter of 2023.

"Our recruitment always aligns with our global expansion and long-term strategy, and we will continue to hire despite current market sentiment," Bitget Managing Director Gracy Chen said.

Seychelles is no stranger to crypto exchanges, being the place where OKX is incorporated.

The news follows Bitget commencing operations in Brazil on Nov. 16.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.