Bitget, a crypto trading business, has announced the launch of the EmpowerX Fund, a $100 million pot to invest in exchanges, data analytics firms and media organizations. The fund follows just months after Bitget set aside $100 million to target Web3 startups in Asian countries.

The firm expects tightened regulations and growth of layer-2 blockchain networks and DeFi technologies to bring about an evolution in how centralized exchanges operate. It is, therefore, seeking to diversify the services it can offer and capitalize on merger and acquisition opportunities that will be presented in the coming months.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries
Sentiment	positive
Relevance Score	10
People	None
Companies	Centralized Exchanges, Web3 Startups, DeFi Technologies, EmpowerX Fund, Bitget
Currencies	None
Securities	None