Draft:Bitget

Bitget is a Seychelles-based cryptocurrency exchange. Founded in 2018, it is the 12th-largest exchange as of November 2023, offering futures, derivatives, and copy trading. Having been the subject of several regulatory investigations and scrutiny, the exchange operates a native cryptocurrency token called the Bitget Token (BGB).

History
Bitget was launched in Singapore in 2018 by Sandra Lou.

On November 5, 2021, Bitget launched a Turkish website.

In September 2021, the exchange partnered with Juventus FC.

In October 2021, Bitget was legally threatened by Hybe Corporation, which manages BTS, for the promotion of a currency named Army Coin, which was named after BTS' "ARMY" fanbase. According to the Financial Times, the coin "fluctuated by up to 78 times its value in a day, rising back and forth between $1,000 and $78,000 within minutes". In December, the exchange was suspended by the Monetary Authority of Singapore as a result.

In October 2022, Bitget partnered with Lionel Messi.

In 2023, Bitget invested $30 million in Bitkeep, a cryptocurrency wallet.

In April 2023, Dragonfly Capital, a San Francisco-based crypto-focused investment venture, funded a US$10 million investment in exchange for participation in Bitget's strategic financing round. Bitget also launched a US$100 million venture fund in Hong Kong.

In December 2023, Bitget halted the operations of its Hong Kong subsidiary BitgetX, citing "market-related considerations."