Global crypto exchange and web3 company, Bitget is back in the UK providing British users with access to over 150 tokens and other digital assets.
In May 2024, Bitget paused its services in the UK as it looked to ensure that it was compliant with new Financial Conduct Authority (FCA) crypto regulations. Following approval from Archax, the crypto firm registered in the UK, though, Bitget is now back and committed to continue meeting the UK’s growing demand for access to trading in crypto. The approval will now allow Bitget users in the UK access to trade crypto and custody services for a range of assets including tokenised real-world assets.
“At Bitget, compliance is the core of our expansion strategy. The entrance into the UK market under the regime allows us to bring users a wide variety of digital assets within the ever-changing crypto landscape. This launch is a step towards establishing Bitget as a long-term, compliant partner in diverse markets, providing investors with a platform to explore digital assets,” said Gracy Chen, CEO at Bitget.
Support from Arhcax
“We are dedicated to upholding high standards of the Regime, providing UK investors with access to a transparent trading experience,” said Julia Loder, head of regulation at Archax.
Bitget’s comprehensive offering addresses the varied interests of UK investors, providing options for both newcomers and seasoned traders. This broad range is designed to meet the evolving expectations of the UK market, a region that has shown increasing interest in diverse and innovative digital currencies.
The launch marks Bitget’s first step towards a compliant framework in the region. Archax’s approval is in line with the financial promotions regime, which requires that financial promotions offered by offshore crypto exchanges be vetted by a local approver.
The aim is to ensure that promotions adhere to standards of fairness and transparency, a move that highlights Bitget’s commitment to maintaining regulatory standards.
This aligns with Bitget’s broader vision to facilitate global access to crypto trading with a focus on local compliance and meeting regulatory standards.
