Dragonfly invests in crypto exchange Bitget

The venture capital firm Dragonfly announces a investment from 10 million dollars in the cryptocurrency exchange platform Bitget.

Dragonfly, a U.S. crypto VC that was launching a $650 million fund in 2022, said on Tuesday that it had completed a investment strategic in the amount of 10 million dollars in Bitget.

According to a statement, the capital raised will be used by the crypto exchange to continue its global development.

Dragonfly is a highly respected investor in the crypto industry, and we are honored to have them on board. As the fastest growing exchange in the last 12 months, this investment is a recognition of our focus at BUIDL during the bear market,” commented Gracy Chen, Bitget’s CEO.

Founded in 2018, Seychelles-based Bitget specializes in trading services for crypto derivatives such as futures. Last month, the platform proceeded to buy the decentralized wallet BitKeep.

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Recently, Dragonfly has supported several crypto projects with Op3n, Econia Labs, Kaito AI and Caldera.

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