Singapore, June 21, 2022 — Leading global digital-asset trading platform Bitget is doubling its workforce to reach 1,000 employees in the next six months despite a current market downturn. 

Since the beginning of 2022’s second quarter, the market downturn has cut short ongoing projects and initiatives. Headcount reductions have also occurred due to negative market sentiments, rapidly changing conditions, over-hiring and resource misplacement. 

Bitget has experienced tremendous growth with recurring cash flow despite the times. Such market sentiments have not deterred the platform from enhancing its offerings and ensuring the users’ needs are met. 

In early 2021, Bitget had a small team of 150 and now has since achieved a threefold increase. To accommodate its growth, Bitget is accelerating its hiring plan to pave the way for new developments.

Gracy Chen, managing director of Bitget, said, “With presence in more than 50 countries around the world, Bitget has been growing at an unprecedented pace. Earlier this year, we announced our derivatives trading volume had reached an all-time high of $8.69 billion in March 2022. In the last 12 months, our trading volume grew by more than 10 times — a notable achievement — and our user base grew significantly to 2 million worldwide.” 

She said, “Of course, we were eager to expand our team to cater to rapidly growing market needs. However, we decided to adopt a more prudent approach right from the get-go. By scheduling frequent meetings with our global and regional teams to understand where resources were needed, we were able to systematically and effectively carry out strategic hires. We want to solidify our operations in each region, recruit localized hires, cover operations, product development, customer service and more. As we continue to endure the crypto winter, it will be a perfect opportunity for us to attract talent in the market and strengthen our foundation, prioritize growth and be prepared to welcome the next round of crypto adoption when the market regains strength.” 

Bitget’s expansion to 1,000 will see about 500 new hires by the end of 2022, primarily in product development and customer service. Growth and maintenance ensure the platform is operating smoothly and is compliant and safe from hackers and viruses. The product development team is crucial in supporting expansion at Bitget, where product innovation is a guiding principle at Bitget through its flagship social-trading product One-Click Copy Trade. 

Sandra Lou, CEO of Bitget, said, “We have recorded tremendous growth in the past year, and Bitget is now ranked top-five globally in terms of derivatives trading in a short amount of time. Adhering closely to our motto of ‘Better trading, better life,’ we will uphold the commitment we have made to our community and ensure our developments are abreast with industry standards as we strive to deliver a top notch experience to our traders. We look forward to strengthening our workforce so that we can cater to growing market needs and prepare for the next bull run.” 

About Bitget

Established in late 2018, Bitget is one of the world’s leading cryptocurrency exchanges and currently serves two million users in more than 50 countries worldwide. Bitget accelerated its mission to promote decentralized finance (DeFi) in 2021 with a 500-strong workforce spanning more than 20 countries. 

Since Bitget’s official launch in the crypto derivatives market in June 2019, the platform has now become one of the world’s largest crypto copy-trading and derivatives exchanges, ranked top-five globally by CoinMarketCap and CoinGecko for derivatives trading by volume. Bitget is transforming how people connect and trade with social trading. Its flagship offering, One-Click Copy Trade, pioneers the concept and has amassed more than 27,000 professional traders and approximately 1 million followers worldwide.

Adhering closely to its philosophy of “Better trading, better life,” Bitget is committed to providing comprehensive and secure trading solutions to users globally as the portal that transcends Web2 and Web3 and connects centralized finance and DeFi to bridge users to crypto.

In September 2021, Bitget announced its sponsorship of world-renowned football team Juventus as its first-ever sleeve partner and PGL Major’s official esports crypto partner soon after. Partnerships with the leading esports organization Team Spirit and Turkey’s leading and long-standing football club Galatasaray were announced in early 2022.

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