Bitget Launches $300 Million Archimedes Program to Support Quantitative Institutions

Bitget has launched the Archimedes Program, establishing a dedicated fund of $300 million to provide capital support for quantitative trading firms, asset management institutions, and market makers. The program includes two sub-projects: a $100 million funding support plan aimed at emerging and growth-oriented quantitative institutions that adopt market-neutral strategies; and a $200 million interest-free loan plan for institutions with mature strategies and a certain trading scale, which can access interest-free funds by meeting trading volume or position standards. Bitget CEO Gracy Chen stated that as competition in institutional trading intensifies, capital, execution efficiency, and risk control have become crucial factors for scaling strategies. The Archimedes Program aims to assist capable teams in expanding their strategy scale through capital support, with expectations to support over 50 projects in the next six months. Institutions can utilize Bitget's Unified Trading Account (UTA) to use rToken spot positions as collateral for derivatives, enhancing capital efficiency. The program will adopt a long-term cooperation framework, implementing rolling admissions and phased deployment, with regular disclosures on the number of participating institutions, capital deployment scale, and strategy distribution.

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