Bitget Returns to the UK – A New, Compliant Crypto Platform

Bitget, a well-known cryptocurrency exchange, has returned to the UK—and this time, it’s fully compliant with the country’s regulations. Earlier in 2024, Bitget paused its UK operations to figure out how to operate within the new financial rules. Now, with full compliance in place, the platform is back and ready to serve UK crypto traders. But what does this relaunch mean for users in the UK?

Bitget Teams Up with Archax

To meet the UK’s strict regulations, Bitget has partnered with Archax, a company authorized by the Financial Conduct Authority (FCA). Archax ensures that Bitget’s advertising and promotional content follow the UK’s FinProm rules. These regulations, introduced in 2023, require crypto companies to clearly explain the risks involved in their promotions, ensuring transparency and fairness.

Julia Loder, Archax’s Head of Regulation, emphasized that this partnership is about more than just paperwork. It’s aimed at making the UK market safer for crypto investors. With Archax’s approval, Bitget is now able to operate legally in the UK, offering a secure and compliant platform for crypto trading.

What Bitget Offers UK Users

Bitget didn’t come back to the UK just to offer the basics. They’re bringing a selection of over 150 cryptocurrencies, which is a lot more than many other platforms offer. Beyond regular trading, they’re also introducing tokenized assets that reflect real-world items, something that adds a bit more variety to their offerings. Gracy Chen, Bitget’s CEO, says they’re not just expanding—they’re aiming to be a reliable name in regions with clear regulations.

For UK traders, the wider range of cryptocurrencies is a welcome addition, providing more choices and opportunities. And with Bitget’s focus on compliance, users can feel more confident in their trades, knowing the platform meets all necessary regulations.

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What’s Next for Bitget and UK Crypto Traders?

For UK traders, Bitget’s return is a welcome sign of more options. The UK crypto market is changing fast, with regulations tightening, but Bitget’s compliance-focused approach could serve as a roadmap for other crypto firms. As FinProm regulations evolve, more crypto companies may choose to follow Bitget’s lead to stay in the game.

So, where does this leave UK crypto enthusiasts? As Bitget is back on the market, investors have a fresh, compliant platform to explore. Bitget’s move might just be the start of a new wave of safer, regulated crypto trading options in the UK.