Bitget extends its global reach to the Middle East, targeting UAE and Bahrain.
The company plans to hire 60 employees for the Middle East expansion.
The Middle
East openly expresses its desire to become a new cryptocurrency hub. Leading
the way are crypto-friendly nations like the United Arab Emirates (UAE) and
Bahrain. As a result, more exchanges are deciding to enter the local market. Bitget
has become the latest one to do so.
The company
has already initiated its operations in Dubai downtown by hiring 60 new people
for mid and back-office roles.
Bitget Sets Sail for the
Middle East
According
to the data related to MENA's crypto adoption, the region stands as the fastest-expanding area in the crypto industry, accounting for 9.2%
of global transactions during 2021-2022. The UAE alone witnessed a staggering
400% surge in registered crypto businesses within two years, thereby boosting
global digital asset trading by 10%.
Concurrently,
the region observed a threefold rise in blockchain-related educational programs,
contributing to 8% of the mining hash rates. All of the above factors have led
Bitget to decide to enter the local market and establish its office in Dubai,
one of the emirates of the UAE.
“We hope to
scale our Middle East team rapidly to support business growth, with between 30
to 60 hires over the next 2 years or more across the Middle East region,” Gracy
Chen, the Managing Director of Bitget, commented on the development.
According
to Bitget, new hiring will include various mid-office and back-office functions.
Chen added that the crypto exchange is considering selecting Dubai as an
operational hub for the Middle East market. Bitget is also dedicated to
securing necessary licenses and regulatory approvals for its expansion, thereby
facilitating the opening of regional offices.
Crypto Companies Move to Dubai
Bitget is not the only cryptocurrency company that has decided to launch its operations and establish a physical office in the UAE. Just under a month ago, another cryptocurrency exchange, Bybit, announced that it had obtained local licenses in Dubai to operate in digital assets. Previously, it had moved its global headquarters to the emirate.
At the same time, one of the largest cryptocurrency exchanges by volume, OKX, obtained a Minimal Viable Product (MVP) Preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA). Like Bitget, OKX plans to increase its employment in the region.
Binance is also looking towards the Middle East with increasing hopes. Although the local company, Binance Dubai has been operating for some time, it could become the main focus of the company's development in the face of regulatory challenges in Europe and the USA.
According to Alex Chehade, the General Manager of Binance Dubai, the UAE could become the primary destination for cryptocurrency businesses seeking favorable and transparent regulations.
The local market might have a huge potential when it comes to a number of retail investors interested in trading. This is confirmed by data from the FX/CFD market, where the number of active investors is rising.
Source: Investment Trends
Bitget Scales Globally
Bitget's
recent move to the Middle East is part of its ongoing global scaling. Prior to
this, Bitget registered as a Virtual Asset Service Provider (VASP) in Poland
and acquired a similar crypto registration in Lithuania. Following its launch
in Turkey earlier this year, Bitget now operates a fully localized Turkish
website, Bitget TR, serving local users.
Furthermore,
Bitget has responded to the increasing need for digital lending solutions by
introducing a new product called 'Crypto Loans.' This offering aims to cater to
users who have been dissatisfied with the credit options provided by
conventional banks.
In addition
to the launch of Crypto Loans, Bitget has forged a strategic partnership with
Fetch.ai, a blockchain platform specializing in artificial intelligence (AI).
To support the development and expansion of the Fetch.ai ecosystem, Bitget has
committed $10 million. This move aligns with the trend observed in numerous
financial institutions capitalizing on the recent surge in the popularity of
AI-powered language models like ChatGPT.
Bitget,
founded in 2018, is a cryptocurrency exchange providing copy trading Trading
services to over 8 million users across more than 100 countries.
The Middle
East openly expresses its desire to become a new cryptocurrency hub. Leading
the way are crypto-friendly nations like the United Arab Emirates (UAE) and
Bahrain. As a result, more exchanges are deciding to enter the local market. Bitget
has become the latest one to do so.
The company
has already initiated its operations in Dubai downtown by hiring 60 new people
for mid and back-office roles.
Bitget Sets Sail for the
Middle East
According
to the data related to MENA's crypto adoption, the region stands as the fastest-expanding area in the crypto industry, accounting for 9.2%
of global transactions during 2021-2022. The UAE alone witnessed a staggering
400% surge in registered crypto businesses within two years, thereby boosting
global digital asset trading by 10%.
Concurrently,
the region observed a threefold rise in blockchain-related educational programs,
contributing to 8% of the mining hash rates. All of the above factors have led
Bitget to decide to enter the local market and establish its office in Dubai,
one of the emirates of the UAE.
“We hope to
scale our Middle East team rapidly to support business growth, with between 30
to 60 hires over the next 2 years or more across the Middle East region,” Gracy
Chen, the Managing Director of Bitget, commented on the development.
According
to Bitget, new hiring will include various mid-office and back-office functions.
Chen added that the crypto exchange is considering selecting Dubai as an
operational hub for the Middle East market. Bitget is also dedicated to
securing necessary licenses and regulatory approvals for its expansion, thereby
facilitating the opening of regional offices.
Crypto Companies Move to Dubai
Bitget is not the only cryptocurrency company that has decided to launch its operations and establish a physical office in the UAE. Just under a month ago, another cryptocurrency exchange, Bybit, announced that it had obtained local licenses in Dubai to operate in digital assets. Previously, it had moved its global headquarters to the emirate.
At the same time, one of the largest cryptocurrency exchanges by volume, OKX, obtained a Minimal Viable Product (MVP) Preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA). Like Bitget, OKX plans to increase its employment in the region.
Binance is also looking towards the Middle East with increasing hopes. Although the local company, Binance Dubai has been operating for some time, it could become the main focus of the company's development in the face of regulatory challenges in Europe and the USA.
According to Alex Chehade, the General Manager of Binance Dubai, the UAE could become the primary destination for cryptocurrency businesses seeking favorable and transparent regulations.
The local market might have a huge potential when it comes to a number of retail investors interested in trading. This is confirmed by data from the FX/CFD market, where the number of active investors is rising.
Source: Investment Trends
Bitget Scales Globally
Bitget's
recent move to the Middle East is part of its ongoing global scaling. Prior to
this, Bitget registered as a Virtual Asset Service Provider (VASP) in Poland
and acquired a similar crypto registration in Lithuania. Following its launch
in Turkey earlier this year, Bitget now operates a fully localized Turkish
website, Bitget TR, serving local users.
Furthermore,
Bitget has responded to the increasing need for digital lending solutions by
introducing a new product called 'Crypto Loans.' This offering aims to cater to
users who have been dissatisfied with the credit options provided by
conventional banks.
In addition
to the launch of Crypto Loans, Bitget has forged a strategic partnership with
Fetch.ai, a blockchain platform specializing in artificial intelligence (AI).
To support the development and expansion of the Fetch.ai ecosystem, Bitget has
committed $10 million. This move aligns with the trend observed in numerous
financial institutions capitalizing on the recent surge in the popularity of
AI-powered language models like ChatGPT.
Bitget,
founded in 2018, is a cryptocurrency exchange providing copy trading Trading
services to over 8 million users across more than 100 countries.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
How Ripple Pulled Off the Year’s Biggest Crypto Raise While XRP Tumbled 40%
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
