Bitget Unveils $300mln MENA Institutional Capital Program
Bitget, the world's largest Universal Exchange (UEX), has launched Project Archimedes, a $300 million institutional capital program aimed at supporting quantitative trading firms, asset managers, and market makers across the Middle East and North Africa region.
The program, which will focus on market-neutral strategies with established operating histories and measurable risk controls, will provide two types of support: Capital Provider Program ($100 million) for emerging and growing quantitative firms, and an Interest-Free Lending Program ($200 million) for established institutions with mature strategies.
According to Bitget, institutional trading is entering a period where access to capital, execution quality, and risk control increasingly determine which strategies can scale. Gracy Chen, CEO at Bitget, noted that 'Strong strategies often reach a point where talent is no longer the constraint but capital might.'