The BGB Prize increases after Dragonfly has invested $ 10 million in Bitget

• The BGB Prize rose over $ 0.42, whereby the current price is about 20 % below the all-time high of $ 0.51.
• Dragonfly Capital made a strategic investment of $ 10 million in the crypto derivate exchange Bitget
• bitget will use the capital injection to expand its products and promote crypto formation.

bitget token (BGB) was traded higher, since the community around the cryptocurrency derivate exchange Bitget reacted positively to the news of a new risk capital injection.

The BGB price broke up at high levels of $ 0.42 after it was traded at low-levels of $ 0.39 on Monday, with the positive mood trading the token worth over $ 9 million in the last 24 hours. In terms of price gains, BGB rose by 2 % or 9 %.

in the last 24 hours or 7 days

The price of Bitget's nativ token, which is currently over $ 0.41, is about 2 % below the all -time high of over $ 0.51, which was reached on February 18. If sellers accept the support of $ 0.40, BGB could visit the region of $ 0.31 again

Dragonfly invests $ 10 million in bitget

dragonfly, a venture capital company focused on crypto that invests in projects in the ecosystem of digital assets - from seed to series d - announced a strategic investment of $ 10 million in the cryptoplay.

blockchain data and research platform nansen highlighted on April 4. A few days had received 60,219,900 BGB (approx. 24 million $), which indicates that this could be part of the deal.

💫 news: Dragonfly invests $ 10 million in the derivate exchange bitget

This partly explains the 60.219.900 $ BGB (~ 24 million US dollar), 6 days ago) a dragonfly wallet was sent pic.twitter.com/xl4td5u5dx

- nansen 🧭 (@nansen_ai) 4. April 2023

The investment will support the market and service expansion of the crypto derivate exchange around the world, said Dragonfly in a press release. The funds also flow into Bitget's CSR initiatives because the platform tries to promote crypto formation and acceptance.

" As the fastest growing stock exchange in the past 12 months, this investment is recognition of our focus on Buidl in the bear run. Apart from the inflows of money To contribute the growth of our industry, ”, said Gracy Chen, the managing director of Bitget.

The investment is also made, since Bitget wants to double his efforts in the areas of spot trade, launchpad and earnings products.

Bitget recently received a partnership with space and time to make his reserve detection completely transparent, and also has partnerships with the football star Lionel Messi and the Italian football giant Juventus.