Bitget, a leading cryptocurrency exchange, has invested $10 million in the Fetch.ai AI ecosystem. This strategic investment will enable Bitget to leverage the power of AI and blockchain to enhance its trading infrastructure and provide customers with a more seamless trading experience. Fetch.ai’s AI technology has the potential to revolutionize trading and create a more efficient and transparent market. The partnership between Bitget and Fetch.ai is expected to accelerate the adoption of AI in the cryptocurrency industry and drive innovation in the space.
Bitget Pledges $10 Million for Fetch.ai Ecosystem Development
Bitget, a Seychelles-based cryptocurrency exchange, has announced a $10 million pledge to support the development of the Fetch.ai ecosystem. The exchange will offer various services to Fetch.ai, including marketing consultations and strategic directions. Fetch.ai provides an AI-powered service automation infrastructure that its autonomous agents utilize to perform various tasks such as data analysis and complex financial modeling.
Bitget Managing Director, Gracy Chen, has stated that Fetch.ai already offers functional and applicable technological AI solutions, and therefore Bitget has decided to pledge its support to the promising startup. Bitget has also recently announced a $100 million venture fund with a focus on investing in primarily Asian Web3 and crypto projects to “foster a positive attitude towards the digital currencies economy and support the development of the web3 environment.”
Seychelles-based Bitget was established in 2018 and offers 548 crypto trading pairs and claims to have 8 million users. The exchange is currently ranked 8th for trust score, according to CoinGecko, and handles $735 million in daily trade volume. The exchange’s native token, BGB, jumped over 4% after the news came out.
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