Bitget plans to use the Middle East as the next business expansion area and will set up a regional center

Bitget plans to use the Middle East as the next business expansion area, and will focus on exploring Bahrain and the United Arab Emirates, including Dubai, Abu Dhabi and Ras Al Khaimah, which are friendly to the encryption industry (Ras Al Khaimah). The Compliance Department of Bitget has now begun to explore relevant applications for local compliance and provide local services that comply with regulations. The expansion will include the establishment of a local regional headquarters and the recruitment of 30 to 60 new team members for middle and back office functions. According to Bitget, the latest statistics on the penetration rate of cryptocurrencies show that the Middle East and North Africa is the fastest growing region for cryptocurrencies, accounting for 9.2% of the total global transactions from 2021 to 2022. From 2020 to 2022, the number of registrations in the United Arab Emirates will increase by 400%. Additionally, there has been a 300% increase in blockchain-related educational programs in the region. Gracy Chen, managing director of Bitget, said, "We hope to rapidly expand the team size in the Middle East, and will consider choosing Dubai as the regional operation center. This move is also in line with our core values, which is to promote the development of the blockchain industry on a global scale. "