{"id":"bitget","hidden":false,"ipfs":"QmUbrkC9g3YmFYQFnX3YFvRgc7gRGMfFM8Pp5BAEFbuxT3","language":"en","transactionHash":"0xbb7f168435c0995042f50cd88593627267218d4ed19cf143a33a3ef20b198d33","created":"2023-06-16T12:16:08.115Z","updated":"2026-08-28T16:35:36.387Z","title":"Bitget","summary":"Bitget is a Seychelles-based cryptocurrency exchange founded in 2018 that offers spot, futures, margin, copy trading, and products such as Launchpad, Crypto Loans, BGUSD, and the Bitget Token (BGB).","content":"**Bitget** is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange and derivatives platform founded in 2018, and it is based in Seychelles. The exchange offers copy, futures, and spot trading on its platform.\n\n## Overview\n\nFounded in July 2018, Bitget is a crypto exchange providing spot, derivatives, and copy trading services. It provides account registration and is accessible via web and mobile apps. The platform focuses on derivatives trading with perpetual future contracts and offers [leverage](https://iq.wiki/wiki/leverage) of up to 125x.[[10]](#cite-id-peq93jtj4tn)​\n\nIn November 2022, Bitget announced that it had registered in Seychelles to aid global expansion. The exchange also updated its recruitment plan with a target of 1200 headcount by the first quarter of 2023, increasing its workforce by another 50% from its existing size, to better meet user demand and support business growth.[[13]](#cite-id-ahra1kpuk79)​\n\nIn April 2023, Bitget launched its Bitget [Web3](https://iq.wiki/wiki/web3) Fund during the Hong Kong [Blockchain](https://iq.wiki/wiki/blockchain) Week, with an initial investment of $100 million. The fund is focused on investing in Web3-friendly venture capital and outstanding [Web3](https://iq.wiki/wiki/web3) projects to support the development of the next generation of crypto projects.[[17]](#cite-id-w2achhwtp3m)​\n\nOn April 18, 2023, Bitget partnered with [Core DAO](https://iq.wiki/wiki/core-dao) to launch a $200 million ecosystem fund that supports [decentralized applications](https://iq.wiki/wiki/decentralized-application) (DApps) built on [Core Network](https://iq.wiki/wiki/core-dao) [Layer-1](https://iq.wiki/wiki/layer-1) [blockchain](https://iq.wiki/wiki/blockchain).[[26]](#cite-id-p3jhd0j8ytd)​\n\nIn May 2023, Bitget announced the launch of the Bitget Academy training project aimed at empowering young individuals with a $10 million investment through the Blockchain4Youth project.[[12]](#cite-id-jc2avkp6ekf) As stated in a press release, \"the project will revolve around the exchange’s core values focused on advancing [crypto](https://iq.wiki/wiki/cryptocurrency) and [blockchain](https://iq.wiki/wiki/blockchain) technology adoption through the leadership of young generation representatives.\"[[12]](#cite-id-jc2avkp6ekf)​\n\nIn August 2022, Bitget introduced a Protection Fund worth $200 million to provide security against potential hacks and protect assets. In November 2022, Bitget announced it would increase its Protection Fund to 300 million USD to provide better protection and further assurance to crypto users.[[23]](#cite-id-wn7tyqeims9)​\n\nIn April 2023, Bitget started a $100 million fund targeting [Web3](https://iq.wiki/wiki/web3) startups in Asian countries to build a framework for developing [Web3](https://iq.wiki/wiki/web3).[[35]](#cite-id-m5a9c35of9)​\n\nOn September 12, 2023, Bitget announced the establishment of the Bitget EmpowerX Fund worth $100 million. The fund is dedicated to fostering the platform’s ecosystem development, seeking investment opportunities in regional exchanges, data analytics firms, media organizations, and other entities that contribute to the growth of its ecosystem.[[34]](#cite-id-37t5umdaq1)​ In May 2024, [Gracy Chen](https://iq.wiki/wiki/gracy-chen) was appointed CEO of Bitget, succeeding her prior role as managing director.[[46]](#cite-id-4mbcm7ttw2)​\n\n## Products\n\n### Buy\n\nBitget offers a Buy service for [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) transactions via credit/debit card, P2P trading, Quick Buy, and third-party trading.[[1]](#cite-id-oqbtfindwxe)​\n\n### Copy Trading\nBitget provides a copy trading feature that enables users to follow and replicate the trades of other traders. In 2023, it introduced parameter recommendations, allowing elite traders to suggest parameters for their followers, simplifying the copy trading process. Recommended parameters can include Fixed Amount and Multiplier modes, Stop-Loss Ratio, Take-Profit Ratio, and Maximum position size, which followers can choose to adopt when configuring copy trading.[[3]](#cite-id-10sysnvuhdeo)​\n\n### Spot Trading\nBitget’s spot trading feature allows users to buy and sell cryptocurrencies in real time across a range of trading pairs, supporting standard spot orders on the exchange’s centralized order book with real-time pricing and market data available through the trading interface. [[2]](#cite-id-gtdlnh5gzho)​\n\n### Futures Trading\n\nBitget offers futures trading, allowing users to trade contracts that track the future value of assets for hedging or leveraged exposure.[[4]](#cite-id-0mpcgu9stjo)​\n\nOn Bitget, users can trade cryptocurrency futures, including perpetual contracts on assets such as [Bitcoin](https://iq.wiki/wiki/bitcoin-btc), [Ethereum](https://iq.wiki/wiki/ether-eth), and [Litecoin](https://iq.wiki/wiki/litecoin), with margin and [leverage](https://iq.wiki/wiki/leverage) that can reach up to 125x depending on the product.[[4]](#cite-id-0mpcgu9stjo) Bitget provides three futures trading options: COIN-M Futures, [USDT](https://iq.wiki/wiki/tether)-M Futures, and [USDC](https://iq.wiki/wiki/usdc)-M Futures, which differ mainly by the settlement currency. USDT-M and USDC-M futures are settled in [USDT](https://iq.wiki/wiki/tether) and [USDC](https://iq.wiki/wiki/usdc), respectively, while COIN-M futures are settled in the underlying cryptocurrency, such as [Bitcoin](https://iq.wiki/wiki/bitcoin) or [Ethereum](https://iq.wiki/wiki/ethereum).[[5]](#cite-id-uyrditwmmkm) Bitget’s futures products use margin requirements and [liquidation](https://iq.wiki/wiki/liquidation) mechanisms to manage risk, with positions subject to automatic reduction or closure if account equity falls below platform-defined thresholds.[[4]](#cite-id-0mpcgu9stjo)​\n\nOn December 5, 2024, Bitget launched the GMCI Meme index on its futures trading platform, offering exposure to a curated basket of [memecoins](https://iq.wiki/wiki/memecoins) that meet criteria such as active trading on major centralized exchanges, significant circulating [market capitalization](https://iq.wiki/wiki/market-capitalization), and strong community backing; the index is designed to be dynamic and is rebalanced on a monthly basis.[[47]](#cite-id-i325xdhe1a)​\n\n### Margin Trading\n\nOn Bitget, margin trading allows users to open leveraged futures positions by posting [collateral](https://iq.wiki/wiki/collateral) rather than paying the full contract value upfront.[[6]](#cite-id-vx69dqxpr0j) The platform tracks several margin components for each account and position. Initial Margin represents the minimum equity required to open a position and acts as [collateral](https://iq.wiki/wiki/collateral) for counterparties. Maintenance Margin is the minimum equity that must be maintained while a position is open and is set lower than the initial requirement. Variation Margin reflects changes in equity due to unrealized profit and loss as market prices move relative to the entry level.[[6]](#cite-id-vx69dqxpr0j)​\n\nBitget also displays Available Margin, which is the portion of account equity that can be used to open new positions, and Risk Margin, which represents equity tied up in existing positions and exposed to market movements.[[6]](#cite-id-vx69dqxpr0j) If account equity falls below the required Maintenance Margin, Bitget’s risk engine may trigger partial or full [liquidation](https://iq.wiki/wiki/liquidation) of positions to bring the account back within margin limits, in line with the platform’s risk control framework.[[6]](#cite-id-vx69dqxpr0j)​[[7]](#cite-id-u3cmrj2ygma)​\n\n### Bitget Launchpad\n\nBitget Launchpad is a platform that offers early access to potential new [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) tokens from various projects. Project owners can [leverage](https://iq.wiki/wiki/leverage) Bitget’s wide-ranging community and extensive resources to build their brand.[[8]](#cite-id-a2uiqxq8e1)​\n\nOne of the projects on the launchpad is TypeIt (TYPE), which is described as a keyboard application that allows users to earn passive income by using it for everyday typing activities.[[9]](#cite-id-yv9u50x7bp)​\n\n [YOUTUBE@VID](SOimJE2b4vA) \n\n### Bitget Insights\n\nBitget introduced a new feature in October 2022 called \"Bitget Insights\". This feature allows social media integration with social trading via the Bitget exchange. With Bitget Insights, novice traders can gain valuable insights from experienced traders.[[16]](#cite-id-9ak56av3oqi)​\n\n### BitEXC\nIn December 2024, Bitget introduced BitEXC, a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange tailored to the Vietnamese market. The platform provides a suite of trading options, including spot and futures trading, with support for fiat currency deposits through popular Vietnamese payment methods. Features such as copy trading, trading bots, and earn programs are planned for future release.\n\nUsing Bitget's infrastructure, BitEXC aims to enhance asset security through the Bitget Protection Fund, valued above $300 million and extended to cover all BitEXC users, and seeks to engage the local community through educational initiatives. This launch aligns with Bitget’s efforts to expand its Southeast Asian presence and address Vietnam's increasing [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) adoption.[[54]](#cite-id-2hi75xxsfg)​\n\n### Bitget Live\n [YOUTUBE@VID](UXwBnoPZlzs) \n\nBitget Live is a streaming feature introduced by Bitget to facilitate real-time interaction between [crypto](https://iq.wiki/wiki/cryptocurrency)-focused content creators and their audiences. It enables creators, including influencers and professional traders, to host live sessions with capabilities such as screen sharing, audio streaming, co-hosting, and in-session token recommendations. These features allow users to explore and trade [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) directly during the broadcast. The platform also includes real-time chat, replay access, and scheduling tools to ensure content remains accessible and interactive beyond the initial stream.\n\nThe feature supports creator monetization through referral links and token promotion mechanisms integrated into the live experience. Bitget also provides traffic incentives and themed events linked to Bitget Live streams. Live sessions allow audiences to follow market commentary, trading insights, and project discussions while participating in community dialogue through built-in chat. Bitget Live is part of a broader creator toolset, including on-chain affiliate programs and features like [Strategy](https://iq.wiki/wiki/strategy) Plaza and Insights, integrating content delivery, user engagement, and monetization features within a single platform. [[39]](#cite-id-o79vctx5MN)​[[40]](#cite-id-Vn10xgMvXJ)​\n\n### BGUSD\n\nBGUSD is a yield-bearing stable asset certificate introduced by Bitget designed to improve capital efficiency while providing passive income opportunities. On May 27, 2025, Bitget announced the launch of BGUSD as a yield-bearing stable asset certificate within its trading and wealth management platform.[[48]](#cite-id-r1rpv1i50r) It is integrated into Bitget’s trading and wealth management platform and can be redeemed 1:1 for [USDC](https://iq.wiki/wiki/usdc). Users can obtain BGUSD using either [USDC](https://iq.wiki/wiki/usdc) or [USDT](https://iq.wiki/wiki/tether), and it offers an annualized yield starting at 4%, distributed daily based on the user's minimum daily balance. During the first 30 days after launch, a promotional yield of 5% is available. The yield is derived from a mix of tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas), including money market funds and tokenized US Treasuries, with backing from institutional infrastructure and partners like [Superstate](https://iq.wiki/wiki/superstate).\n\nBGUSD functions as a stable, income-generating asset within Bitget’s ecosystem and offers both instant and standard redemption options, with a fixed 0.1% fee for each. It is designed to maintain liquidity while reducing exposure to [crypto](https://iq.wiki/wiki/cryptocurrency) market volatility. In addition to its role as a value-preserving instrument, BGUSD can be actively used across the platform for lending, as margin in futures trading, and [staking](https://iq.wiki/wiki/staking)-related products like Launchpool and PoolX. The asset is structured to support diversified, on-chain exposure to traditional financial products, combining stable returns with transparent access and platform-wide utility.[[41]](#cite-id-HRiUIKVpjP)​[[42]](#cite-id-pc64rtMOLx)​\n\n [YOUTUBE@VID](vQGtZpfGCWo) \n\n### Crypto Loans\n\nOn July 4, 2023, Bitget launched Crypto Loans to attract a new audience of users dissuaded by traditional credit institutions and seeking alternative funding via digital assets.[[19]](#cite-id-l79tv0l7o7)​\n\nBitget’s Crypto Loans product is based on a dual-coin approach, allowing users to stake one coin from their holdings as [collateral](https://iq.wiki/wiki/collateral) in exchange for the ability to borrow a corresponding amount in another coin. Each loan is issued at a specific interest rate to pay, with the borrowed amount determined by the market value of the staked [collateral](https://iq.wiki/wiki/collateral). The loans are issued within a predetermined period, users can choose to repay before or at the predetermined deadline.[[19]](#cite-id-l79tv0l7o7)​\n\n## Bitget Token (BGB)\n\nBitget Token (BGB) is the [utility token](https://iq.wiki/wiki/utility-token) used across Bitget’s [centralized exchange](https://iq.wiki/wiki/cex-centralized-exchange) and decentralized wallet ecosystem. It supports various functions such as trading, [transaction fee](https://iq.wiki/wiki/transaction-fee) payments, and participation in platform activities. BGB holders can access benefits like token farming through Launchpool and PoolX, discounted [trading fees](https://iq.wiki/wiki/trading-fee), early access to token launches, and qualification for on-chain [airdrops](https://iq.wiki/wiki/airdrop). The token is also used for multi-chain [gas](https://iq.wiki/wiki/gas) fees and can influence VIP status within the platform. According to Bitget’s December 27, 2024 BGB [whitepaper](https://iq.wiki/wiki/white-paper) update and a 2025 CEO letter, the initial BGB supply was 2 billion tokens; Bitget conducted an initial burn of 800 million BGB (40% of the total supply) in January 2025 and merged the BWB token into BGB, making BGB the sole [utility token](https://iq.wiki/wiki/utility-token) for both Bitget Exchange and Bitget Wallet as part of a broader effort to strengthen BGB’s role in the ecosystem.[[43]](#cite-id-H46SvSeJgf)​[[44]](#cite-id-IqfM7QZYfO)​\n\n### Tokenomics\n\nAccording to the BGB [whitepaper](https://iq.wiki/wiki/white-paper), BGB had an initial total supply of 2 billion tokens, and Bitget carried out an initial burn of 800 million BGB held by the core team in January 2025, equal to 40% of the total supply, resulting in a total and [circulating supply](https://iq.wiki/wiki/circulating-supply) of 1.2 billion BGB.[[43]](#cite-id-H46SvSeJgf) BGB has the following distribution:\n\n* **BFT Replacement**: 25%\n* **Team Incentives**: 20%\n* **New User Acquisition**: 15%\n* **Branding (KOL)**: 15%\n* **BGB Ecosystem**: 15%\n* **Investor Protection Fund**: 10%\n\nStarting in Q2 2025, Bitget introduced an automated quarterly burn mechanism tied to BGB’s use as [gas](https://iq.wiki/wiki/gas) and other parameters, with the stated goal of gradually reducing the supply to 100 million BGB.[[43]](#cite-id-H46SvSeJgf)​[[44]](#cite-id-IqfM7QZYfO) All BGB is described as being in circulation after the initial burn, with no additional vesting or lockup schedules.[[43]](#cite-id-H46SvSeJgf)​\n\n## Security and Compliance\n\nBitget emphasizes user asset protection through a dedicated Protection Fund. The fund was launched in August 2022 with $200 million in assets and was increased to $300 million in November 2022 to provide additional coverage against potential hacks and other security incidents, aiming to reassure users in the wake of major exchange failures in the wider market.[[23]](#cite-id-wn7tyqeims9) Subsequent valuation reports described the Protection Fund as consistently maintaining a value above $300 million, with Bitget reporting peaks of around $340 million in September 2023 and approximately $410 million in November 2023, while reiterating its commitment to keep the fund’s value at or above $300 million.[[53]](#cite-id-3kdil2l41t)​[[46]](#cite-id-4mbcm7ttw2)​\n\nIn March 2023, Bitget entered a strategic partnership with decentralized data warehouse provider [Space and Time](https://iq.wiki/wiki/space-and-time) (SxT) to strengthen transparency and verifiability of its operations.[[27]](#cite-id-8okip46xlre) Through this collaboration, Bitget uses SxT’s infrastructure to generate a tamperproof audit trail of exchange data and computation, enabling proof-of-reserves- and proof-of-liabilities-style verification so users can independently confirm that assets held on the platform match the balances Bitget reports.[[27]](#cite-id-8okip46xlre)​\n\nFrom a regulatory and organizational perspective, Bitget registered in Seychelles in November 2022 as part of its global expansion strategy, describing the jurisdiction as a supportive environment for crypto businesses.[[13]](#cite-id-ahra1kpuk79) In line with evolving jurisdictional requirements, Bitget has adjusted its presence in certain markets, including an announced exit from Japan (see Regulatory Developments).[[45]](#cite-id-lOmBGYdlKYsACaub) These measures, together with partnerships focused on identity verification and anti-fraud controls such as the Sumsub collaboration described in the Partnerships section, outline Bitget’s approach to balancing user security, operational transparency, and jurisdiction-specific compliance requirements. Under a strengthened compliance program led by Chief Legal Officer Hon Ng, Bitget reported securing licenses in Australia, Italy, Poland, and Lithuania by late 2024 and stated that it aims to continue expanding regulatory approvals, noting that its licensing coverage evolves as it enters new markets and regulatory regimes.[[46]](#cite-id-4mbcm7ttw2)​\n\n## Partnerships\n\n### Bitget x Juventus FC\nIn October 2021, Juventus FC signed an agreement naming Bitget its official sleeve partner—the first in the club's history.[[55]](#cite-id-ge2ums20wd)​\n\nIn March 2023, Bitget announced on International Women's Day that it had become an official Juventus Women's Team sponsor. Bitget’s decision to sponsor the Juventus Women’s Team was inspired by its own company composition. 40% of employees in managerial roles at Bitget are female, and the exchange is an equal opportunity employer.[[15]](#cite-id-21hq9v41hx6)​\n\n### Bitget x Lionel Messi\n\nIn October 2022, before the Qatar [World Cup](https://iq.wiki/wiki/world), Bitget partnered with Lionel Messi, an Argentinian footballe,r making him Bitget's brand ambassador.[[11]](#cite-id-0m3llz2uiqbg)​\n\n [YOUTUBE@VID](rA5CMV_8CBc) \n\n### Bitget x DOTA 2 Bali Major 2023\n\nIn June 2023, Bitget announced its sponsorship for the DOTA 2 Bali Major 2023 as the Official Crypto Exchange Partner. The partnership was set to bring together the world of crypto and e-sports in a major event scheduled from June 29 to July 9, 2023.[[18]](#cite-id-28omerdbv3)​\n\n### Bitget x ClearTax\n\nOn July 21, 2023, Bitget partnered with ClearTax, a major tax filing platform in India. The partnership is designed to give Bitget users access to a specialized crypto tax platform with additional support for their community. The collaboration between Bitget and ClearTax involves multiple community awareness activities.[[20]](#cite-id-3yo7kzngb2o)​\n\nAs a result of the partnership, Bitget users can benefit from ClearTax's specialized tax filing services at discounted prices and have access to its live chat desk 24/7 during the Income Tax Return (ITR) season.[[20]](#cite-id-3yo7kzngb2o)​\n\n### Bitget x CoinTracking\n\nOn July 24, 2023, Bitget announced its partnership with CoinTracking, a [crypto](https://iq.wiki/wiki/cryptocurrency) tax software. With CoinTracking, any [crypto](https://iq.wiki/wiki/cryptocurrency) investor can import their trades from 100+ options, from exchanges to wallets, legacy imports, and [blockchain](https://iq.wiki/wiki/blockchain) addresses.[[21]](#cite-id-wepfpx2yitk)​\n\nAfter importing trades, investors can fully track their portfolio with 25+ advanced reporting features, from trade statistics to balances and market analysis.[[21]](#cite-id-wepfpx2yitk)​\n\n### Bitget x Coinpanda\n\nOn August 9, 2023, Bitget announced a new partnership with the [crypto](https://iq.wiki/wiki/cryptocurrency) tax platform Coinpanda. Bitget x Coinpanda partnership is designed to offer users an exclusive discount and the possibility of calculating [crypto](https://iq.wiki/wiki/cryptocurrency) taxes in a few clicks.[[22]](#cite-id-2eukv0qlopi)​\n\n### Bitget x CoinStats\nOn August 24, 2023, Bitget announced an alliance with CoinStats, a [crypto](https://iq.wiki/wiki/cryptocurrency) portfolio tracker. The partnership with CoinStats allows users to monitor and manage their diverse [crypto](https://iq.wiki/wiki/cryptocurrency) assets from a unified interface.[[24]](#cite-id-4we30acyo4t)​\n\n### Bitget x CCData\n\nOn August 31, 2023, Bitget announced its strategic integration with CCData, an institutional-grade digital asset data provider. This collaboration propels Bitget's commitment to excellence by delivering comprehensive data solutions tailored for institutional investors.[[25]](#cite-id-oun3jptblka)​\n\n### Bitget x Space & Time\n\nOn March 27, 2023, Bitget announced a strategic partnership with [Space and Time](https://iq.wiki/wiki/space-and-time) (SxT), a company specializing in decentralized data warehousing. The partnership enables Bitget to offer users enhanced transparency of exchange operations with a verifiably tamperproof audit trail of data and computation.[[27]](#cite-id-8okip46xlre)​\n\nBitget is the first [centralized exchange](https://iq.wiki/wiki/cex-centralized-exchange) to [leverage](https://iq.wiki/wiki/leverage) a decentralized data warehouse. The [trustless](https://iq.wiki/wiki/trustless) [Space and Time](https://iq.wiki/wiki/space-and-time) platform provides Bitget users with verifiable evidence that the exchange holds the assets it claims to own on behalf of its clients and supports proofs of reserves and liabilities. Bitget users also have transparency into the exchange’s activity, liquidity, assets, and liabilities, with cryptographic assurances that the underlying data and computations have not been tampered with.[[27]](#cite-id-8okip46xlre)​\n\n### Bitget x Copper\n\nOn May 25, 2023, Bitget announced it would partner with Copper, a digital asset custody provider, to introduce an off-exchange settlement solution. It enables institutional clients to trade and settle in near real-time across exchanges while mitigating counterparty risk and increasing capital efficiency.[[29]](#cite-id-u213d1n481)​\n\n### Bitget x Koinly\n\nOn September 1, 2023, Bitget unveiled a major upgrade to its API, connecting to Koinly’s tax reporting platform directly, responding to invaluable feedback from its dynamic community of crypto tax users.[[30]](#cite-id-mcgui712ep)​\n\n### Bitget x IEEE\n\nOn September 5, 2023, Bitget partnered with the Institute of Electrical and Electronics Engineers (IEEE) at Manipal University Jaipur to foster crypto education and improve trading skills among students with a trading competition on the Bitget platform.[[32]](#cite-id-i02uz1bjo0d)​\n\n### Bitget x 3Commas\n\nOn September 8, 2023, Bitget partnered with 3Commas, a crypto trading automation company, to provide users with enhanced trading capabilities and maximize automation features for smarter cryptocurrency trading.[[33]](#cite-id-7otd9ous08i)​\n\n### Bitget x Sumsub\nOn June 4, 2024, Bitget collaborated with Sumsub, an identity verification provider, to improve its security and prevent users from deepfake scams prevalent in the [crypto](https://iq.wiki/wiki/cryptocurrency) space. Bitget stated that, according to Sumsub’s technology benchmarks, the partnership is intended to improve detection and prevention of deepfake scams, with the companies highlighting high detection accuracy rates in their announcements.\n\nSumsub will provide Bitget with a range of [know-your-customer (KYC)](https://iq.wiki/wiki/know-your-customer-kyc) tool sets, including identity verification, facial biometrics, non-document verification, and database validation.[[37]](#cite-id-6af6g0ifz18)​[[38]](#cite-id-mavb4n7g45)​\n\n## Corporate Social Responsibility\n\n### Blockchain4Youth\nOn May 4, 2023, Bitget announced the launch of a corporate social responsibility (CSR) project — Blockchain4Youth. The project aims to create a [blockchain](https://iq.wiki/wiki/blockchain) future by empowering and inspiring younger generations to use [Web3](https://iq.wiki/wiki/web3) and сrypto tools to create and engage in a decentralized space.[[28]](#cite-id-v4mofom2cvi)​\n\nAccording to Bitget, Blockchain4Youth shares the company’s mission of promoting crypto adoption by inspiring individuals. In its announcements, Bitget states that it views a blockchain-based future as important for enhancing crypto tools and products and aims to empower the younger generation to become proactive leaders in advancing these ideas. According to a Bitget study, Millennials and Gen Z, constituting 46% of [crypto](https://iq.wiki/wiki/cryptocurrency) enthusiasts, play a significant role in shaping a crypto-friendly future.[[28]](#cite-id-v4mofom2cvi)​\n\n### Blockchain4Her\n\nIn January 2024, Bitget launched an initiative dubbed the “Blockchain4Her” group, which aims to support female-led businesses. The initiative includes a $10 million fund to support female-led startups in the [blockchain](https://iq.wiki/wiki/blockchain) industry. The exchange said a recent study found limited gender diversity in the [blockchain](https://iq.wiki/wiki/blockchain) funding market. Findings show that female-led [blockchain](https://iq.wiki/wiki/blockchain) startups secured only 6% of the total funding in the [blockchain](https://iq.wiki/wiki/blockchain) sector.[[36]](#cite-id-sxscpq6whlp)​\n\n​[Gracy Chen](https://iq.wiki/wiki/gracy-chen) explains the Blockchain4Her initiative reflects Bitget’s goal to bridge the gender gap in the [blockchain](https://iq.wiki/wiki/blockchain) industry. She said the group aims to achieve this through incubation programs, pitch competitions, and recognition events. The group will empower and encourage women to take on leadership roles in the [Web3](https://iq.wiki/wiki/web3) and [blockchain](https://iq.wiki/wiki/blockchain) space.[[36]](#cite-id-sxscpq6whlp)​\n\n## Funding\n\nIn 2018, Bitget received its Series-A funding of an initial $10 million from leading [blockchain](https://iq.wiki/wiki/blockchain) investment fund Consensus Labs and Collinstar Capital.[[14]](#cite-id-6u27kyn2toe)​\n\nIn July 2020, Bitget completed a $10 million Series B funding round, raising its valuation to $1 billion, backed by Anlan Capital and SNK.[[14]](#cite-id-6u27kyn2toe)​\n\nIn April 2023, Bitget received $10 million in funding in a venture round led by Dragonfly. According to Dragonfly, the investment supports Bitget's ongoing global market and service range expansion and its CSR initiatives to increase crypto education and adoption.[[31]](#cite-id-mlj4k8pxw0k)​\n\n## September 2026 Hot Wallet Incident\n\nOn September 24, 2026, on-chain analysts observed more than $170–183 million in crypto assets, including [ETH](https://iq.wiki/wiki/ether-eth), [USDT](https://iq.wiki/wiki/tether), [USDC](https://iq.wiki/wiki/usdc), [AVAX](https://iq.wiki/wiki/avalanche-avax), [BNB](https://iq.wiki/wiki/binance-coin), and other tokens, moving over about an hour from wallets labeled as belonging to Bitget, including hot and some [cold wallets](https://iq.wiki/wiki/cold-wallet), to a newly created address across multiple [blockchains](https://iq.wiki/wiki/blockchain), after which the receiving address began swapping the assets on-chain and users reported temporary issues with withdrawals amid the abnormal activity, with early independent [blockchain](https://iq.wiki/wiki/blockchain) analysis estimating that roughly $178–183 million had been moved before Bitget publicly released its own loss figure.[[49]](#cite-id-ru2fa7eih0)​[[50]](#cite-id-fwm5qctzd6) \n\nBitget stated that its security systems detected the unauthorized transfers at 18:31 UTC on September 24, 2026, estimating that approximately $351.6 million in assets were \"exposed\" or otherwise affected by the breach, as described by CEO [Gracy Chen](https://iq.wiki/wiki/gracy-chen), and characterizing the incident as confined to portions of its hot and warm wallet layers, with [cold wallets](https://iq.wiki/wiki/cold-wallet) and the majority of platform assets remaining secure.[[51]](#cite-id-vnqe4gsodm)​[[52]](#cite-id-vzhig1ren2) \n\nAs a precaution, the exchange temporarily suspended withdrawals while keeping deposits and trading fully operational, and it said user account balances remained accurate.[[51]](#cite-id-vnqe4gsodm)​[[52]](#cite-id-vzhig1ren2) Bitget and CEO [Gracy Chen](https://iq.wiki/wiki/gracy-chen) stated that user funds were protected because the loss fell within the coverage of the platform’s User Protection Fund, which they reported as holding more than $464 million at the time of the incident.[[49]](#cite-id-ru2fa7eih0)​[[52]](#cite-id-vzhig1ren2) The company also reported having identified and flagged the relevant transfer addresses, engaging law enforcement agencies and on-chain security firms, and committing to publish a full incident report with root-cause analysis and remedial measures once its investigation was complete.[[51]](#cite-id-vnqe4gsodm)​[[52]](#cite-id-vzhig1ren2)\n\nIndependent researcher Emmett Gallic of [Arkham Intelligence](https://iq.wiki/wiki/arkham-intelligence) stated that the suspicious transactions involved three Bitget hot wallets and one [cold wallet](https://iq.wiki/wiki/cold-wallet) operating across multiple [blockchains](https://iq.wiki/wiki/blockchain), with assets including ETH, BNB, AVAX, and USDT consolidated into a single address before being moved further. \n\n[CoinDesk](https://iq.wiki/wiki/coindesk) characterized the hack as potentially the largest centralized-exchange security breach reported in 2026 up to that date and noted that it occurred in a month that had already seen several other large-scale security incidents in the wider crypto market. \n\nAccording to [CoinDesk](https://iq.wiki/wiki/coindesk)’s contemporaneous market data, Bitget’s native token BGB fell sharply on initial reports of the hack before partially recovering to end the day down by a few percent, while bitcoin and ether recorded comparatively modest intraday price moves.[[56]](#cite-id-ofwlwqdnxd)","recentActivity":"{\"items\":[{\"id\":\"9509ccb3-419c-461f-a801-3c5999e3fcb2\",\"title\":\"Bitget\",\"description\":\"Bitget is a Seychelles-based cryptocurrency exchange founded in 2018, offering spot, futures, and copy trading. 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","link":"https://www.prnewswire.com/news-releases/dragonfly-makes-10-million-strategic-investment-in-bitget-301789307.html"},{"id":"15c8db18-4c97-49ea-9483-098f402f5a96","type":null,"date":"2023-05-01","multiDateStart":null,"multiDateEnd":null,"country":null,"continent":null,"title":"Bitget x Copper","description":"On May 25, 2023 – Bitget announced that it would partner with Copper, a digital asset custody provider, to introduce an off-exchange settlement solution","link":"https://www.bitget.com/blog/articles/bitget-partners-with-copper-to-offer-institutional-clients-off-exchange-settlement"},{"id":"801947eb-a3a7-41fe-9a8e-139659073401","type":null,"date":"2023-06-01","multiDateStart":null,"multiDateEnd":null,"country":null,"continent":null,"title":"Bitget x DOTA 2 Bali Major 2023","description":"In June 2023,  Bitget announced its sponsorship for the DOTA 2 Bali Major 2023 as the Official Crypto Exchange 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