Bitget Launches $300M Project Archimedes for Institutional Crypto Traders

Bitget, the world's largest Universal Exchange, has launched Project Archimedes, a $300 million capital program aimed at supporting quantitative trading firms, asset managers, and market makers. This initiative addresses the growing need for capital and improved execution in institutional crypto trading.

The program offers $100 million in capital to emerging firms and $200 million in interest-free loans to established institutions, helping them scale their market-neutral strategies. Bitget plans to support over fifty projects within six months and will provide ongoing updates on the program's progress.