Bitget prepares U.S. market entry despite uncertainty over Clarity Act

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Bitget preps U.S. market entry

Highlights

Bitget confirmed plans to enter the U.S. market by seeking money-transmitter, derivatives, and broker-dealer approvals, independent of Clarity Act passage.
Bitget's tokenized-stock products surpassed $100 million in assets since their launch last month, reflecting rapid growth in hybrid crypto-traditional asset offerings.
Traditional assets accounted for 20–30% of Bitget's spot trading volume last quarter, with 52% of users now holding both crypto and stocks.

Licensing plan and market entry strategy

The Block reported that Chief Executive Gracy Chen says Bitget has already decided to enter the U.S. market, regardless of whether the Clarity Act becomes law. She says the exchange, which has largely avoided the country since its launch, now wants to pursue entry through money-transmitter, derivatives and broker-dealer approvals before offering services.

Chen says Bitget had considered launching a U.S. operation in 2022, but dropped the plan after the collapse of FTX and what she describes as a tougher regulatory climate under the Biden administration. She is now leading the renewed effort herself and says the company wants to establish an independent U.S.-based entity before rolling out any products.

She adds that passage of the Clarity Act could make the licensing path easier and clearer, but would not alter Bitget's decision to expand. Updated bill text is expected in the coming days, and the measure could still move to a Senate vote before lawmakers leave Washington in early August after President Trump agreed to ethics language aimed at limiting how officials can profit from digital assets while in office.

Tokenized assets shape expansion rationale

Bitget also sees the U.S. push as tied to growth in tokenized versions of traditional assets. Chen says the exchange has been speaking with NYSE and Nasdaq about potential collaboration on distributing tokenized assets, alongside broker-dealer license providers and firms involved in real-world asset issuance.

According to Chen, traditional assets made up between 20% and 30% of Bitget's spot trading volume in the previous quarter, while 52% of its users now hold both crypto and stocks. She adds that the exchange's tokenized-stock products have gathered more than $100 million in assets since launching last month, underscoring why Bitget is pressing ahead with U.S. expansion even as the legislative outlook remains uncertain.

In our earlier article, we covered Robinhood’s launch of the public mainnet for Robinhood Chain, a move designed to deepen its DeFi capabilities and support tokenized-asset use cases via an Arbitrum-based setup. We also noted that while HOOD showed mixed technical momentum in the near term, the mainnet rollout was framed as a meaningful step in strengthening the company’s long-term digital-asset infrastructure and product expansion strategy.

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