In a bid to tap into the growing cryptocurrency demand in the Middle East, Bitget, the leading cryptocurrency exchange, has announced its ambitious plans to expand its operations in the region, with a specific focus on the United Arab Emirates (UAE) and Bahrain.
Dubai, the financial hub of the UAE, has emerged as a thriving center for cryptocurrency activities, attracting numerous blockchain companies due to its favorable regulatory approach. Notably, exchanges such as Binance, Bybit, and OKX have recently gained approval to provide their services in the area, reflecting the region’s increasing interest in digital assets.
With this backdrop, Bitget unveiled its strategic roadmap, which entails establishing regional headquarters and bolstering its team with new hires over the next two years. The exchange aims to build a robust team in the Middle East, comprising 30 to 60 professionals, who will take on crucial mid-office and back-office responsibilities.
Gracy Chen, the Managing Director of Bitget, emphasized the importance of scaling the Middle East team to support the company’s growth objectives. “New team members will encompass various mid-office and back-office functions,” Chen stated, indicating the diversity of roles the exchange intends to create in the region.
Dubai, a favored destination for blockchain and crypto-related businesses, could potentially serve as Bitget’s operational hub for its Middle East market endeavors. Chen underlined that the decision to choose Dubai is not solely driven by business interests, but also by the exchange’s core values, which revolve around promoting widespread blockchain and cryptocurrency adoption globally.
Securing regulatory licenses in the region is a paramount concern for Bitget, and the company has already initiated the process of obtaining the necessary approvals from domestic regulators. These licenses are crucial in facilitating the exchange’s expansion plans and will pave the way for the establishment of regional offices to cater to the growing demand for digital assets in the Middle East.
About Bitget
Bitget is a cutting-edge cryptocurrency trading platform offering an array of features designed to cater to both novice traders and seasoned investors. The platform boasts an intuitive and user-friendly interface, streamlining the complexities of cryptocurrency trading. Novice traders find it easy to navigate, while experienced investors appreciate the platform’s efficiency. Bitget facilitates spot trading, futures contracts, and perpetual swaps, providing users with a diverse range of trading options.
Bitget opens doors to a vast selection of cryptocurrencies, giving traders the opportunity to explore various digital assets and maximize their trading potential. Whether it’s established cryptocurrencies like Bitcoin and Ethereum or promising altcoins, Bitget ensures users have access to an extensive portfolio.
