The funds will be used to support Bitget's ongoing global market and service expansion.
Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget, the San Francisco-based venture capital firm announced on April 4. The funds will be used to support Bitget’s ongoing global market and service expansion and upcoming corporate social responsibility initiatives directed at crypto education and adoption.
Bitget disclosed that since its inception in 2018, the exchange has grown to comprise over 80,000 traders and 380,000 copy traders, or individuals that sync their trading positions with that of traders using automation. For its 2023 roadmap, Bitget plans to expand its spot trading, launchpad and Bitget Earn products.
Dragonfly has invested in prominent blockchain firms such as Matter Labs, 1inch and Polygon. The firm had a
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