Dragonfly invests $10 mn in crypto platform Bitget

Dragonfly, a crypto-focused venture capital firm, has made a $10 million strategic investment in Bitget, a global crypto derivatives and copy trading platform.
VC funding for techThe investment will support Bitget’s global market and service range expansion, as well as its coming CSR initiatives aimed at increasing crypto education and adoption.

Lately, Bitget has achieved significant growth in terms of transaction volume, user base, and product lineups. The exchange started as a derivatives-focused platform, and it is ranked as one of the top 3 crypto derivative exchanges, according to Boston Consulting Group (BCG) report published in July 2022.

Bitget is the world’s largest crypto copy trading platform, with over 80,000 traders sharing their strategies and more than 380,000 followers copying them as of this February.

In 2023, Bitget is doubling down its efforts on spot trading, launchpad, and earning products, extending its ecosystem to transform into a one-stop crypto investment platform.

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