Bitget has launched in Brazil, marking an important entry for the crypto derivatives exchange which is based in Singapore.
This expansion in Latin America shows Bitget’s ambitions to sustain its global expansion and break ground in new and important markets.
The platform has already been integrated with Pix, a payment system used and maintained by the Brazilian government.
Consumers are already able to pay in Brazilian reals if they want to purchase cryptocurrencies. No withdrawals will be available until November 30, however.
On December 1, Bitget will also allow withdrawals in Brazilian reals, the company has confirmed.
The exchange aims to be among the five largest exchanges locally by the end of 2023, Bitget managing director Gracy Chen said in a statement.
Bitget has not picked Brazil by chance. In fact, the company has already been growing its footprint in Latin America over the past months.
Bitget is present in Argentina, Mexico, Venezuela and Colombia, and the company is on its way to doubling its global workforce, hoping to push it to 1,000 employees by the end of this year.
Bitget has been also building its team of celebrity ambassadors, signing Lionel Messi in 2022. The company is also present on Italian Serie A football team Juventus’ player shirt sleeves, giving the exchange even more visibility.
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