Bitget Crypto Exchange Flips Layoff Trend, Expands to Africa


The cryptocurrency winter has been colder for some than others. While some cryptocurrency exchanges are forced to conduct massive employee layoffs to weather the bear market, others like Bitget Crypto Exchange continue to make massive hires to improve their services, Bitget crypto exchange flips the layoff trend.

On November 25, the cryptocurrency and crypto derivatives exchange Bitget announced its registration in Seychelles, Africa, as a means to facilitate its global expansion.

As reported by The Cryptonomist, Bitget Crypto Exchange plans to increase its workforce by 50%, going from 800 workers to 1200 during the first quarter of 2023. In addition, it is hiring engineers and marketing professionals to improve its users’ experience.

Formerly decentralized, the exchange decided to register in Seychelles to meet its goals of setting up more regional hubs in the future. Currently, Bitget Crypto Exchange has regional centers in Asia and Latin America, but now the team is aiming at Africa and Europe as strategic market regions.

Seychelles Registration Will Strengthen Bitget’s Business Relationships

Bitget Crypto Exchange’s CEO Gracy Chen said that the Seychelles registration under the International Business Companies Act of 2016 will strengthen the platform’s banking relationships. The exchange has established meaningful partnerships with sports stars such as Lionel Messi and soccer teams such as Juventus.

“We see Seychelles as a friendly region for the crypto community. We have been working on this registration for several months and are now pleased to announce the development. Registration in Seychelles provides a creative environment for Bitget Crypto Exchange. This enables us to unlock collaborations and strengthen banking relationships with partners, as well as expand our reach with diverse partnerships such as Argentine football legend Lionel Messi and Italian football club Juventus.

Chen further noted that the company will continue to hire “despite current market sentiment,” as talented personnel is needed to help the company grow, making it a secure and reliable platform to stand firm in a “fiercely competitive industry.”

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