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Leading cryptocurrency exchange BitGate has revealed its plans to expand into the Middle East region, specifically the United Arab Emirates and Bahrain.
The financial hub of the United Arab Emirates – Dubai – has become a hotbed of cryptocurrency activity, attracting many companies with its friendly approach towards the industry. Binance, Bybit, OKEx and other exchanges have recently received approval to provide services in the sector.
A step focused on ‘core values’
according to a recent news AnnouncementBitGate is preparing to expand its presence in the Middle East by setting up a regional headquarters and recruiting more team members over the next two years. The new employee will be responsible for some middle-office and back-office duties.
“We expect to rapidly grow our Middle East team to support business growth, with 30 to 60 or more recruits across the Middle East region over the next two years. New team members will include various middle-office and back-office functions.”
BitGate revealed that it may choose Dubai as its hub of operations for the Middle East market. Managing director Gracie Chen said the move is “not just about business, it’s about our core values, which are based on advancing blockchain and crypto adoption around the world.”
The exchange has already started exploring ways to secure the necessary licenses from domestic regulators. The move is considered to be of top priority as it will support expansion and enable the firm to open regional offices.
Bitgate has done it before Shown It intends to increase its workforce in Africa by 50% (from 800 workers to 1200). Engineers and marketing professionals are among those who can aid in its expansion mission on the continent.
Recent Success of BitGate
Despite the market crash last year and many negative events in the crypto sector, the exchange made some major partnerships.
for one, it Ongoing Its association with the Italian football giant – Juventus. This also teamed up Seven-time Ballon d’Or winner – with Lionel “Leo” Messi. The athlete serves as the brand ambassador of the exchange, and some of his duties include introducing Bitgate’s products and services to sports fans and organizations.
Interestingly, the exchange emerged as one of the winners after the massive fall of FTX. This increased Its derivatives trading volume is $204 billion. The average figure for the six months before the recession was $194 billion.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
Leading cryptocurrency exchange BitGate has revealed its plans to expand into the Middle East region, specifically the United Arab Emirates and Bahrain.
The financial hub of the United Arab Emirates – Dubai – has become a hotbed of cryptocurrency activity, attracting many companies with its friendly approach towards the industry. Binance, Bybit, OKEx and other exchanges have recently received approval to provide services in the sector.
A step focused on ‘core values’
according to a recent news AnnouncementBitGate is preparing to expand its presence in the Middle East by setting up a regional headquarters and recruiting more team members over the next two years. The new employee will be responsible for some middle-office and back-office duties.
“We expect to rapidly grow our Middle East team to support business growth, with 30 to 60 or more recruits across the Middle East region over the next two years. New team members will include various middle-office and back-office functions.”
BitGate revealed that it may choose Dubai as its hub of operations for the Middle East market. Managing director Gracie Chen said the move is “not just about business, it’s about our core values, which are based on advancing blockchain and crypto adoption around the world.”
The exchange has already started exploring ways to secure the necessary licenses from domestic regulators. The move is considered to be of top priority as it will support expansion and enable the firm to open regional offices.
Bitgate has done it before Shown It intends to increase its workforce in Africa by 50% (from 800 workers to 1200). Engineers and marketing professionals are among those who can aid in its expansion mission on the continent.
Recent Success of BitGate
Despite the market crash last year and many negative events in the crypto sector, the exchange made some major partnerships.
for one, it Ongoing Its association with the Italian football giant – Juventus. This also teamed up Seven-time Ballon d’Or winner – with Lionel “Leo” Messi. The athlete serves as the brand ambassador of the exchange, and some of his duties include introducing Bitgate’s products and services to sports fans and organizations.
Interestingly, the exchange emerged as one of the winners after the massive fall of FTX. This increased Its derivatives trading volume is $204 billion. The average figure for the six months before the recession was $194 billion.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
