Bitget Unveils $300M Project Archimedes to Fuel Institutional Crypto Trading

Bitget has launched Project Archimedes, a $300 million program to support growing and established trading firms in scaling their digital asset strategies. The initiative focuses on institutional traders' major challenge: getting enough capital to scale.

The program includes two main components: the Capital Provider Program, which will provide $100 million to quantitative trading firms using market-neutral strategies, and the Interest-Free Lending Program, offering $200 million to established trading firms with proven strategies and strong trading volumes.

Bitget CEO Gracy Chen said that some trading firms have strong strategies and talented teams but lack enough capital to grow. Project Archimedes aims to support more than 50 projects over the next six months, focusing on market-neutral strategies and tokenized assets.