SAN FRANCISCO, April 4th, 2023 - Dragonfly, a global crypto-focused venture capital firm, announced today that it has made a $10 million strategic investment in Bitget, a global crypto derivatives and copy trading platform. The investment will support Bitget's ongoing global market and service range expansion, as well as its coming CSR initiatives aimed at increasing crypto education and adoption.
With this latest investment, Bitget will continue expanding its product offerings, as well as its global initiatives to inspire more individuals to embrace crypto. In the past two years, Bitget has established partnerships with legendary Argentinian footballer Lionel Messi, and the leading Italian football team Juventus. The platform plans to launch more educational campaigns to drive crypto mass adoption through entertainment.
Gracy Chen, Managing Director of Bitget, added,
"Dragonfly is a highly respected investor in the crypto industry, and we are honored to have them on board. As the fastest-growing exchange in the past 12 months, this investment is a recognition of our focus on BUIDL in the bear run. Except for the cash inflow, what will benefit us more from the Dragonfly partnership is their crypto savvy and insights. Together, we will be able to discover more growth opportunities and contribute more to the sustainable growth of our industry."
