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.


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About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].

Editor

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