Bitget Prepares for MiCA Compliance with an Upcoming European Regional Hub

MENA Pakistan Press Releases
December 17, 2024

Bitget Prepares for MiCA Compliance with an Upcoming European Regional Hub

VICTORIA, Seychelles, Dec. 17, 2024 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, is exploring the establishment of its Europe regional hub
in Lithuania as part of its strategic expansion in the European Union. The move aligns with the EU’s Markets in Crypto-Assets (MiCA) framework, which aims to provide a unified regulatory environment for crypto assets across the region.

The company is actively preparing for compliance under the MiCA framework, including plans to set up an office and recruit compliance and operations personnel in Lithuania.

“We truly appreciate EU regulatory authorities for their leadership and vision for nurturing a secure and vibrant environment for digital innovation. Our vision for Europe goes beyond business expansion. The continent is at the forefront of the crypto revolution, and we are committed to contributing to its growing ecosystem of crypto startups,” said Hon Ng, Chief Legal Officer of Bitget. “By establishing a hub in the European Union, we are demonstrating our strong commitment to uphold the highest standards of security and compliance,” he added.

Bitget consistently works towards abiding by regulatory compliance worldwide in crypto-friendly jurisdictions, holding licenses in major markets such as Poland, Australia, and Italy. The exchange recently re-entered the UK market, offering fully compliant crypto services, and is pursuing regulatory approvals in more than 15 jurisdictions worldwide. This includes Lithuania, where Bitget secures its crypto registration, indicating its dedication to operating securely and transparently within Europe.

The company also plans to collaborate closely with European regulators to ensure its products meet all regulatory requirements while prioritizing the protection of user assets and data. As the MiCA framework comes into effect, Bitget’s proactive steps pushes it to become the fastest growing compliant exchange.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 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 market, 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.

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/007638ef-6c42-486f-b50e-afbc2fbd3ec1

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