Bitget: Bitget, the world's largest Universal Exchange (UEX), has launched Project Archimedes, a $300 million institutional capital program for quantitative trading firms, asset managers, and market makers.

According to BERNAMA News Agency, the initiative aims to support firms at different stages of growth through two distinct programs. Project Archimedes is designed to back the innovative minds that influence market trends and dynamics. The program is expected to play a pivotal role in fostering development and providing necessary capital support to participating firms.

This strategic move by Bitget highlights its commitment to enhancing the operational capabilities and market presence of quantitative trading firms and asset managers. The launch of Project Archimedes marks a significant step in expanding financial opportunities and resources for these entities, aligning with Bitget's broader vision in the financial exchange industry.