Bitget, one of the largest cryptocurrency derivatives exchanges, has successfully completed its registration process in Lithuania.
This achievement enables Bitget to offer its range of cryptocurrency services in compliance with local regulations and laws.
This new development is expected to extend Bitget’s international footprint, as Lithuania has become a popular destination for cryptocurrency and blockchain projects, and is a leading country in the European Union when it comes to developing laws related to digital assets.
The growing interest in Lithuania among crypto enthusiasts and companies seeking to establish legal entities for crypto-related activities is due to the country’s pro-crypto regulatory environment.
Bitget is committed to maintaining compliance with these regulations and is actively expanding its team to support its compliance initiatives.
The exchange’s compliance team has grown by an impressive 50% over the past year.
“At Bitget, we are dedicated to following the regulatory framework set for cryptocurrencies and work closely with government agencies to enhance our ecosystem,” said Gracie Chen, the Managing Director of Bitget.
“We are always keeping an eye on global regulatory changes concerning crypto assets, and our compliance team is well-equipped to handle various compliance issues.”
In addition to its recent registration success in Lithuania, Bitget has also made significant strides in other areas.
It recently partnered with Core DAO to establish a $200 million ecosystem fund, launched a $100 million Web3 development fund in Asia, and received a $10 million investment from Dragonfly.
These accomplishments demonstrate Bitget’s unwavering commitment to innovation, growth, and compliance in the ever-evolving crypto landscape.