Bitget Launches $300 Million "Archimedes Program" to Provide Dedicated Funding Support for Quantitative and Asset Management Institutions
Bitget announces the launch of the "Archimedes Plan (Project Archimedes)", establishing a dedicated fund with a total size of $300 million to provide capital support to quantitative trading firms, asset management institutions, and market makers. The plan comprises two sub-projects: a $100 million "Funding Support Plan" focusing on supporting emerging and growth-stage quantitative institutions adopting market-neutral strategies; and a $200 million "Interest-Free Loan Plan" targeted at institutions with mature strategies and certain trading volumes, where those meeting corresponding trading volume or position standards can obtain interest-free funds to reduce financing costs and expand strategy scale.
Bitget CEO Gracy Chen stated that as institutional trading competition intensifies, capital, execution efficiency, and risk control are becoming key factors determining whether strategies can achieve scalability. Project Archimedes aims to help teams with mature capabilities expand strategy scale through capital support, and is expected to support over 50 projects within the next six months. Meanwhile, leveraging the Bitget Unified Account (UTA), institutions can use rToken spot positions as derivatives margin, maintaining tokenized stock exposure and contract strategies simultaneously without cross-account transfers, thereby further improving capital efficiency.
Project Archimedes will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will subsequently disclose progress regularly, including the number of participating institutions, fund deployment scale, and strategy distribution.
