Day: May 26, 2025

Bitget’s Blockchain4Youth Celebrates Two Years of Youth-Driven Innovation

The initiative’s success is anchored in its mission to bridge the knowledge gap between emerging technologies and youth audiences, particularly students, young developers, and aspiring entrepreneurs. Through the flagship initiative Bitget Builders, Bitget announced its global expansion through a series of offline engagements, inviting crypto enthusiasts from various backgrounds to co-build the Bitget ecosystem while unlocking insights, event access, and growth opportunities.

Over the past year, Blockchain4Youth has collaborated with universities and educational institutions worldwide, including top institutions in North America, APAC and other regions. In March 2025, Blockchain4Youth saw itself at the centre of Google Developer Group’s “Build with AI” Hackathon, speaking and inspiring 130 bright student minds, exploring the intersection of blockchain and AI.

Now entering its third year, Blockchain4Youth has expanded to over 70 countries and regions, reaching out through a series of educational partnerships, hackathons and online courses. With over 80+ campus lectures, Blockchain4Youth has made its mark in growing education and awareness around this emerging tech. This growth shows Bitget’s longstanding commitment to making blockchain knowledge accessible and inclusive while creating real-world impact.

“Over the last two years, Blockchain4Youth has evolved from an idea into a global movement,” said Vugar Usi Zade, COO of Bitget. “We hold strongly onto the belief that the future is in the hands of the youth and we are thrilled to see how many young people have taken initiative to learn, build, and contribute to the Web3 space. As the blockchain industry continues to mature, it becomes essential to build a more inclusive and innovative digital future, and I believe the answer lies in the next generation.”

Bitget remains committed to empowering global youth through impactful initiatives that foster innovation, education, and community building in Web3. As Blockchain4Youth enters its third year, it continues to serve as a cornerstone of Bitget’s broader mission to drive mainstream blockchain adoption through education and supporting youths.

To find out more about Blockchain4Youth, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bb4e4a58-2b8f-4450-8047-58180921d5c3

GlobeNewswire Distribution ID 1001098863

RIYADH, Saudi Arabia, May 26, 2025 (GLOBE NEWSWIRE) — Over the past decade, the Saudi Capital Market Authority (CMA) has methodically advanced the Kingdom’s capital market reforms, gradually opening its financial markets to international investors. This transformation has attracted substantial global institutional interest, with foreign holdings reaching approximately SAR 423 billion by the end of 2024. The recent introduction of the Offshore Securities Business License underscores Saudi Arabia’s ambition to establish itself as a leading regional and global financial center.

The QFI program in 2015 was the first program to provide direct access into Saudi markets for foreign investors. Prior to the QFI program, foreign investors could only access Saudi equities through swap arrangements, once foreign institutions qualified as QFIs, the program created a direct way for foreign institutions to transact in the Saudi market, further expanding the overall market access.

Since then, the CMA has gradually dismantled many of the restrictions that once limited foreign participation. In 2018, asset thresholds for QFI eligibility were lowered, per-investor ownership caps were raised from 5 to 10 percent, and the pool of eligible investors was expanded.

Also, improvements to corporate governance, financial disclosure, and market infrastructure made Saudi Arabia’s capital market more transparent and credible. These reforms helped the Kingdom secure inclusion in the MSCI and FTSE Russell emerging market indices in 2019, a development that catalyzed massive capital inflows.

The impact was instant, QFI owned SAR 13.7 billion in Saudi market in 2018. That figure increased to SAR 134.48 billion in 2019, coinciding with index inclusion. By the end of 2024, foreign investors held about SAR 423 billion in equities—up from around SAR 86 billion just six years earlier.

Beyond these broad reforms, the CMA has continued to refine foreign access. In January 2025, it published a landmark rule change permitting foreign ownership in Saudi-listed companies that own real estate assets in the holy cities of Makkah and Madinah. Previously, such ownership was prohibited due to restrictions on property in the two cities. Under the new regulation, non-Saudi investors—whether individuals or institutions—can now own up to 49% jointly of shares or convertible debt in these companies.

The CMA also recently published a framework for a new offshore license, intended to allow financial institutions to conduct securities business through a regional headquarters. While still pending implementation, this initiative aims to position the Kingdom as a regional and global financial hub for securities.

This Offshore Securities Business License will enable licensed institutions to carry out securities activities, as well as manage investment funds that invest in securities within the Kingdom. These services may be provided to foreign clients outside the Kingdom, in addition to a specified category of local clients.

Additionally, the license will allow its holder to invest in the Saudi capital market without the need to meet the qualification requirements typically imposed on qualified foreign investors. In addition, this license will enable its holder the access to a broader client base, including transactions with sovereign investment funds such as the Public Investment Fund, which manages over SAR 3.5 trillion in assets in 2024, as well as pension funds within the Kingdom.

The offshore licensees and structure also present other benefits to developing and establishing private investment funds in Saudi Arabia. Offshore licensees will have flexible contractual terms as they will focus on addressing a complex and sophisticated investment needs.

Taken together, these reforms represent one of the most comprehensive efforts among emerging markets to integrate with global capital flows. The CMA’s approach—measured, regulatory-driven, and clearly aligned with Vision 2030—has generated confidence among international investors. While challenges remain, particularly in implementation and investor onboarding processes, the trajectory is clear. Saudi Arabia is building a market that not only attracts foreign capital, but retains it through stability, structure, and institutional trust. As the offshore licensing regime moves toward activation, it stands as the latest signal that the Kingdom’s financial sector is not just open—it is competing.

Contact:
Capital Market Authority
Communication & Investor Protection Division
+966114906009
+966557666932
[email protected]
www.cma.org.sa

GlobeNewswire Distribution ID 9457816

DUBAI, United Arab Emirates, May 26, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, brought the heat to Token2049 with an exclusive ringside experience at Karate Combat KC54 in Dubai on May 2nd. Think high-octane strikes, VIP treatment, and a night so wild, even the blockchain felt the impact.

Bitget COO, Vugar Usi Zade and the Bitget team

This year, Bitget raised the stakes by offering a premium experience that put crypto enthusiasts right at the heart of the action. Bitget’s esteemed VIPs witnessed world-class fighters trade blows while enjoying gourmet food and premium beverages in an exclusive VIP section reserved just for Bitget’s key opinion leaders and special guests.

With a crowd of 4,000-5,000 roaring fight fans, the energy in Dubai’s premier venue was electric. Bitget COO Vugar Usi Zade perfectly captured the spirit of the event: “Crypto trading and combat sports demand the same qualities—quick reflexes, strategic thinking, and nerves of steel. We’re thrilled to give our community this exclusive opportunity to experience world-class competition up close. Whether you’re analyzing charts or analyzing fight techniques, this is where champions are made.”

Ringside at Karate Combat

Robert Bryan, CEO of Karate Combat, remarked, “KC54 marked a significant milestone in our journey, and having Bitget as a sponsor amplified our commitment to innovation in combat sports. Their support helped us deliver an unforgettable experience that blended tradition with cutting-edge technology.

Asim Zaidi, President of Karate Combat, also added, “Partnering with Bitget for KC54 was a game-changer. Their involvement not only elevated the event’s profile but also underscored the synergy between martial arts and the evolving digital landscape.”

Bitget VIP Area

The event marked another strategic partnership for Bitget in the combat sports world, following their successful collaborations with professional combat athletes such as Wrestling World Champion, Buse Tosun Çavuşoğlu, and Boxing Gold Medalist Samet Gümüş (Boxing). By creating these exclusive live experiences, Bitget continues to build meaningful connections between the crypto community and high-profile sporting events.

Jyotsna Hirdyani, Bitget’s South Asia head, who orchestrated the event, shared insights. “This is the future. From blockchain to sports, crypto is changing the game forever. This is what happens when sports & entertainment meet blockchain technology. It’s a cultural shift where you will see more & more cross-plays of sports x crypto, the ultimate cross-over.”

This partnership underscores Bitget’s commitment to delivering unique, high-value experiences to its community. Just as in trading, timing is everything, and May 2nd in Dubai was when crypto met combat in what turned out to be an unforgettable showdown. Bitget’s focus remains on creating tangible value for the crypto community beyond digital interfaces.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

About Karate

Karate Combat is the world’s premier full-contact karate league, renowned for its innovative approach to combat sports entertainment. Known for its distinctive, fast-paced fighting style – essentially MMA without ground fighting, Karate Combat delivers high-energy bouts, with nearly half ending in knockouts. With over 7 million followers, hundreds of millions of views monthly, and over 100,000 active app users, Karate Combat is at the forefront of blending sports, technology community-driven experiences.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/c42afdf6-d6ba-4c86-9956-11a55ab53e57

https://www.globenewswire.com/NewsRoom/AttachmentNg/7491be04-23bb-4a08-adea-298413bc3465

https://www.globenewswire.com/NewsRoom/AttachmentNg/11cf807e-3ef9-44f5-8645-11265a51e617

https://www.globenewswire.com/NewsRoom/AttachmentNg/3b65cc5e-9dd9-4842-9b2c-cb12d08b16d6

GlobeNewswire Distribution ID 1001098898