Victoria, Seychelles, 2024 November 11 - Bitget, a leading cryptocurrency exchange and Web12 company, has officially relaunched its UK website under the Financial Promotions Regime, providing UK users with access to a wide range of digital assets. With over 3 tokens available for trading, Bitget has one of the broadest token offerings in the UK and more than double that of many of its global competitors. The launch establishes Bitget as one of the leading exchanges in the UK market. Bitget is committed to meeting the growing demand for cryptocurrency trading in the region. Following Archax approval, Bitget users will be able to access a range of crypto services on the platform. The approval will now allow Bitget users in the UK to access crypto trading and custody services for a range of assets, including tokenized real-world assets.
Gracy Chen, CEO of Bitget, said: "At Bitget, compliance is at the core of our expansion strategy. Entering the UK market under this regime enables us to bring a wide variety of digital assets to our users in the ever-changing crypto space. This launch is a step towards establishing Bitget as a long-term compliance partner in different markets, providing a platform for investors to explore digital assets."
Archax is pleased to support Bitget in achieving this milestone, bringing its broad selection of digital assets to the UK with a robust framework to ensure compliance with the FCA’s Financial Promotion Rules. “We are committed to upholding the high standards of the regime and providing a transparent trading experience for UK investors,” said Julia Loder, Head of Regulation at Archax.
Bitget's comprehensive product offering caters to the various interests of UK investors, providing options for both new and experienced traders. This broad product range is designed to meet the evolving expectations of the UK market, which is showing an increasing interest in diverse and innovative digital currencies.
The launch marks Bitget’s first step towards the region’s compliance framework. Archax’s approval is in line with the Financial Promotions Regime, which requires financial promotions offered by offshore cryptocurrency exchanges to be reviewed by local approvers. The aim is to ensure that promotions adhere to fair and transparent standards, and the move highlights Bitget’s commitment to maintaining regulatory standards.
This is in line with Bitget's broader vision to facilitate cryptocurrency trading on a global scale, with a focus on local compliance and meeting regulatory standards. Bitget's website is fully operational in the UK and open to new users, aiming to build a strong local user base by providing diverse trading opportunities[OI1][FN2]. The UK market is known for its complex financial environment, offering huge opportunities, and Bitget's extensive range of tokens is expected to meet the market's demand for digital innovation.
This expansion adds yet another region where Bitget will become a key player in the global crypto ecosystem, focusing on diversity, innovation, and compliance.