Bitget to establish European hub in Lithuania, embrace EU regulatory standards
Bitget to open European hub in Lithuania for MiCA
Bitget, a leading cryptocurrency trading platform, has announced plans to establish a European regional center in Lithuania. This strategic move is part of Bitget’s broader efforts to strengthen its presence in the European Union (EU) and align its operations with emerging regulatory frameworks.
The company has already completed the registration of its cryptocurrency business in Lithuania. Preparations are underway to ensure compliance with the EU's Markets in Crypto-Assets (MiCA) framework, a comprehensive regulatory standard for digital assets. Bitget's plans include setting up local offices and forming compliance and operations teams to support its regional expansion.
Strengthening presence in the EU market
Bitget's Chief Legal Officer, Hon Ng, highlighted the importance of this initiative:"Establishing a European regional center in Lithuania is a key step for us to deepen our presence in the EU market. At the same time, we provide support for the development of the crypto ecosystem in this region based on adherence to the highest safety and compliance standards."
This decision underscores Bitget's commitment to expanding its footprint in regulated markets while building trust and reliability among its users. The platform aims to not only meet regulatory requirements but also contribute to the growth of the digital asset ecosystem in Europe.
Global compliance efforts
Bitget places significant emphasis on compliance and security as it continues to grow. The platform has already secured licenses in several major markets, including Poland, Australia, and Italy, reflecting its dedication to strict regulatory standards. Recently, Bitget re-entered the UK market to offer compliant cryptocurrency trading services, further solidifying its position as a trusted global player.
In addition to its European initiatives, Bitget is actively pursuing registrations or license applications in more than 15 jurisdictions worldwide. This global push for compliance demonstrates the company's proactive approach to navigating the increasingly regulated cryptocurrency landscape.
Lithuania as a strategic hub
Lithuania’s favorable regulatory environment and strategic location make it an attractive choice for Bitget’s European hub. The country has been recognized for its progressive stance on digital finance, offering a supportive ecosystem for businesses in the cryptocurrency sector. By establishing a base in Lithuania, Bitget aims to position itself at the forefront of crypto innovation and regulation within the EU.
As Bitget takes steps to align its operations with MiCA and other international standards, its European expansion is set to enhance the company’s competitive edge. This move not only bolsters Bitget's reputation as a compliance-focused platform but also signals its long-term commitment to sustainable growth in the global cryptocurrency market.
Notably, Bitget ranks third globally in the number of CEX app downloads, highlighting its growing popularity and influence in the industry.
