tl;dr
Bitget, a cryptocurrency exchange and Web3 provider, has relaunched its platform in the UK, offering British users access to over 150 digital assets. This expansion aligns with the UK Financial Conduct Authority's Financial Promotions Regime to ensure compliance. The approval from Archax enables Bit...
Bitget, a cryptocurrency exchange and Web3 provider, has relaunched its platform in the UK, offering British users access to over 150 digital assets. This expansion aligns with the UK Financial Conduct Authority's Financial Promotions Regime to ensure compliance. The approval from Archax enables Bitget users in the UK to access cryptocurrency trading and custody services, including tokenized real-world assets. This re-launch reflects Bitget's commitment to compliance and its strategy to provide a wide variety of digital assets to UK investors.
Bitget has officially re-launched its UK website, providing British users with access to over 150 tokens for trading. This extensive offering surpasses the token variety available on many global exchanges. It is a reflection of the exchange’s commitment to delivering a broad range of options for UK crypto investors. More so, the diverse token selection positions the Seychelles-based platform among the top exchanges in the UK. The re-launch comes in response to the growing demand for diverse digital assets within the UK. Bitget’s expansion aligns with the UK Financial Conduct Authority’s (FCA) Financial Promotions Regime, ensuring all promotional activities meet transparency and fairness standards.
With Archax’s approval, Bitget users in the UK now can access a range of cryptocurrency trading and custody services, including tokenized real-world assets. Archax, a regulated digital securities exchange will provide the necessary local endorsement that allows operations within the UK’s regulatory environment. Moreover, the endorsement will facilitate Bitget’s UK entry, as it meets the requirements of the Financial Promotions Regime for offshore exchanges operating in the region. Archax’s role in vetting offerings strengthens the exchange’s efforts to maintain a high standard of security for UK users.
This re-launch reflects the platform’s approach of incorporating local compliance requirements into its expansion plans. Gracy Chen, CEO at Bitget, added: “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.” More so, the extensive range of digital assets addresses and the diverse interests of UK investors highlight market adaptability. The UK crypto market, known for its advanced financial environment, will solidify the exchange growth in the crypto sector.
Meanwhile, the crypto exchange recently launched the “Pitch n Slay” initiative under its Blockchain4Her program to support women entrepreneurs in Web3. With up to $100K in funding, the program provides mentorship, guidance, and exposure.