Bitget Unveils $300m Crypto Trading Fund for Institutional Firms

Bitget has launched Project Archimedes, a US$300 million capital programme for institutional crypto trading firms. The exchange is targeting quantitative trading firms, asset managers, and market makers with two funding pools: a US$100 million Capital Provider Program and a US$200 million Interest-Free Lending Program.

The programmes aim to support more than 50 projects over the next six months, providing capital for institutions that need it to expand their trading activity. Bitget's Unified Account structure is designed to help address some of the issues faced by institutional traders in crypto markets, such as collateral valuation and margin management.

Gracy Chen, Chief Executive Officer of Bitget, said that strong strategies often reach a point where talent is no longer the constraint, but capital might be. Project Archimedes gives capable teams the acceleration they need to scale, while aligning capital, risk, and execution around sustainable performance.