Bitget Middle East Expansion Bolsters its Position for Greater Market Dominance Worldwide

Bitget, the prominent crypto exchange, is strategically expanding its operations in the Middle East region and intends to hire new staff members as part of its broader plans to scale globally. While already possessing office space in downtown Dubai, the company considers this a mere starting point for its ambitious growth initiatives.

Bitget Middle East Expansion Bolsters its Position for Greater Market Dominance Worldwide

Bitget is actively exploring license applications to establish its presence in select Middle East markets, demonstrating its commitment to catering to the region’s crypto demands.

“We hope to scale our Middle East team rapidly to support business growth, with between 30 to 60 hires over the next 2 years.

Bitget Managing Director Gracy Chen

Founded in 2018, Bitget took a significant step by launching its services in Turkey earlier this year. The platform currently caters to more than 8 million users across 100 countries and regions. In the second quarter of the year, Bitget experienced remarkable growth, with its share of the global market increasing from 6.9% to 8.7%. This significant surge in market share propelled Bitget to become the world’s fourth-largest exchange, according to a comprehensive report from leading crypto research firm TokenInsight.

We may consider selecting Dubai as an operational hub.

Bitget Managing Director Gracy Chen

Conversely, the same report revealed a slight decline in market share for Binance, the industry-leading exchange, indicating Bitget’s growing prominence in the highly competitive crypto exchange landscape. As Bitget continues to expand its reach in the Middle East and beyond, it sets its sights on further solidifying its position as a major player in the global market.