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As cryptocurrency exchanges are forced to undertake massive employee layoffs to weather the bear market, others like BitGate continue to work extensively to improve their services.
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On 25 November, cryptocurrency and crypto derivatives exchange Bitgate announced its registration in Seychelles, Africa, as a means of facilitating its global expansion.
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The Cryptonomist reported that during the first quarter of 2023, BitGate intends to increase its workforce by 50%, from 800 employees to 1,200.
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To enhance the user experience, it is also hiring engineers and marketing specialists.
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The exchange, which was previously decentralised, made the decision to register in the Seychelles in order to fulfil its future plans to establish more regional hubs.
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The Bitget team is currently focusing on Africa and Europe as strategic market regions. Bitget currently has regional centres in Asia and Latin America.
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The International Business Companies Act of 2016's Seychelles registration would boost the platform's banking ties, according to Bitget CEO Gracy Chen.
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With athletes like Lionel Messi and soccer teams like Juventus, the exchange has developed significant ties.
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Chen further said that the company would continue to hire "regardless of the current market sentiment".
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Talented employees are required to support the business' expansion and solidification as a platform in the "competitive industry."
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