TechFlow news: Bitget plans to expand into the Middle East as its next business region, focusing on exploring Bahrain and the United Arab Emirates. This includes crypto-friendly jurisdictions such as Dubai, Abu Dhabi, and Ras Al Khaimah. Bitget's compliance department has already begun exploring local regulatory applications to provide services compliant with regional regulations. This expansion will involve establishing a regional headquarters and recruiting 30–60 new team members for mid- and back-office functions.
Latest statistics on cryptocurrency adoption show that the Middle East and North Africa are the fastest-growing regions for cryptocurrency, accounting for 9.2% of global transaction volume between 2021 and 2022. From 2020 to 2022, registration numbers in the United Arab Emirates surged by 400%, while blockchain-related educational programs in the region increased by 300%.
Gracy Chen, Managing Director at Bitget, said: "We aim to rapidly scale our team in the Middle East and are considering Dubai as our regional operations hub. This move aligns with our core values of advancing the blockchain industry globally."
