Crypto Exchange Bitget Launches Dubai Office
Bitget, a leading global crypto exchange, has recently opened an office in Dubai to expand into the Middle Eastern market. The company plans to hire up to 60 new members of staff to support the expansion and will explore opportunities in Bahrain and the United Arab Emirates (UAE). Bitget has already started recruiting for the […]
Bitget, a leading global crypto exchange, has recently opened an office in Dubai to expand into the Middle Eastern market. The company plans to hire up to 60 new members of staff to support the expansion and will explore opportunities in Bahrain and the United Arab Emirates (UAE). Bitget has already started recruiting for the new roles, with several members of staff already hired for middle- and back-office positions.
Gracy Chen, managing director of Bitget, said in a statement: “We hope to scale our Middle Eastern team rapidly to support business growth, with between 30 to 60 hires over the next two years”. The company has already started exploring license applications in order to operate in Middle Eastern markets.
The expansion follows Biget’s launch in Turkey earlier this year. In May, the crypto exchange said it was joining crypto custody firm Copper’s ClearLoop network, allowing clients of both companies to hold digital assets within Copper’s infrastructure while at the same time delegating those assets to trade on the exchange.
This move reflects the growing legitimacy of cryptos and the Middle East’s vision of becoming a global financial and technological hub. Bitget’s presence in Dubai presents opportunities for strategic partnerships with local financial institutions and businesses.
Bitget’s CEO, Mr. Zhang Mei, is enthusiastic about the company’s expansion plans in the Middle East. He stated: “We are thrilled to be a part of Dubai’s thriving crypto community. The Middle East contains enormous potential for the crypto industry, and our presence in Dubai will enable us to provide a secure and efficient trading platform for investors in the region”
The Middle East region has seen limited progress in terms of crypto adoption and regulations. Historically, there has been little progress in terms of developing crypto regulations in the Middle East. In fact, Bahrain and the UAE have been the only two countries to develop clear regulations governing digital assets.
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