– Cryptocurrency exchange Bitget plans to expand its operations to the Middle East
– The company has opened an office in Dubai and is exploring opportunities in countries like Bahrain and the UAE
– Bitget aims to hire between 30 to 60 new staff members in the region over the next 2 years or more
– The expansion aligns with the company’s core values of advancing blockchain and cryptocurrency adoption globally
– Bitget is obtaining the necessary licenses from domestic regulators in the region
– US-based cryptocurrency exchanges like Gemini and Coinbase are also expanding globally amid regulatory struggles in the US
– The SEC has filed charges against Binance and Coinbase, among other crypto platforms, for operating without required registrations
– Bitget’s expansion plans come as crypto platforms face increasing regulatory scrutiny in the US.
Cryptocurrency exchange Bitget is planning to expand its operations into the Middle East, with a new office in Dubai and plans to hire up to 60 new staff members in the region. The company is also exploring opportunities in countries like Bahrain and the United Arab Emirates. Bitget aims to establish a regional headquarters in the near future as well. The expansion comes as US-based cryptocurrency exchanges have faced increasing regulatory scrutiny and have been looking to expand their services globally. Bitget’s move aligns with its core values, which focus on advancing blockchain and cryptocurrency adoption on a global scale. The company has already begun the process of obtaining the necessary licenses from domestic regulators in the Middle East.
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