Key Points

• Bitget continues strategic expansion in the EU, planning to recruit compliance and operations personnel in Lithuania.
• The crypto exchange is actively preparing for compliance under the EU’s MiCA framework.

Bitget is currently preparing for MiCA compliance, expanding its presence in the European Union, and planning a regional hub in Lithuania.

Bitget is one of the world’s leading crypto and Web3 companies, serving over 45 million users in more than 150 countries and regions across the globe.

Supporting Crypto Adoption in the European Union

In an official press release today, Bitget announced that it’s exploring establishing its Europe regional hub in Lithuania. The exchange’s move is part of a larger strategic expansion plan in the European Union, aligning with the region’s MiCA framework.

The European Union’s Markets in Crypto-Assets (MiCA) is a program that includes a new set of regulations for the crypto ecosystem in the region.

The crypto exchange is reportedly actively preparing to align with the compliance framework of MiCA’s new regulations, while also planning to set up an office and recruit compliance and operations personnel in Lithuania.

A Vision for Europe Beyond Business Expansion

Hon Ng, Chief Legal Officer at Bitget revealed that the team appreciates the EU regulatory authorities for their leadership and vision targeting the nurturing of a secure and vibrant environment for digital innovation.

He continued and pointed out that the company’s vision for Europe goes beyond business expansion, as the region is currently at the forefront of a crypto revolution. Bitget is reportedly committed to contributing to the continent’s growing ecosystem of crypto startups.

He also mentioned the importance of establishing a crypto hub in Europe.

Commitment to Top Security Standards

Bitget’s CLO also highlighted that their plans to establish a crypto hub in Lithuania mirror the company’s strong commitment to establishing and preserving the highest standards of security and compliance in the region.

According to the official press release, Bitget is currently working towards abiding by regulatory compliance all over the world in crypto-friendly jurisdictions. So far, the exchange holds licenses in important markets including Italy and Poland in Europe.

Bitget is also licensed in Australia, and it recently re-entered the UK market, providing fully compliant crypto services.

The exchange continues to pursue regulatory approvals in over 15 jurisdictions worldwide, including Lithuania. Here, Bitget secured its crypto registration, showing huge dedication to operating securely and transparently in Europe.

Regulatory Compliance and User Assets/Data Protection

Bitget also plans to closely work with European regulators to ensure that the company’s products meet regulatory requirements 100%, while, at the same time, prioritizing the protection of user assets and data.

As the MiCA regulation framework continues to come into effect, Bitget is set to become one of the fastest-growing exchanges in terms of compliance.

A Continuous Global Drive for Crypto and Blockchain Adoption

With its latest move to expand in the European Union, Bitget supports the adoption of crypto and blockchain technology in the region, amidst a worldwide wave that pushes digital innovation in the US and the BRICS nations as well.

Bitget was founded in 2018 and ever since the crypto exchange has continued its efforts to drive crypto adoption, along with other important crypto exchanges including Binance which has recently secured the 1st spot as the most visited crypto platform in 2024, and the 6th global position in financial services.