
Seychelles-based Bitget, a crypto trading firm that offers both derivative and spot services, announced on Tuesday that it raised a strategic $10 million funding round from Dragonfly, a top crypto-focused venture capital firm.
Bitget raised a $10 million Series B in 2020, led by Anlan Capital, China's largest global growth fund, valuing the company at $1 billion. In an interview with Fortune, Gracy Chen, managing director of Bitget, said that the most recent funding values Bitget in the several-billion-dollar range, declining to be more specific.