As per the recent news, derivatives crypto trading, Bitget has reported its successful registration as a Virtual Asset Service Provider (VASP) in Poland.
Bitget Eyes Expansion in EU
This big accomplishment is a crucial step for Bitget towards growing the company’s presence in the European Union (EU) region and ensuring that it complies with all relevant national and international laws and regulations.
Being an officially authorized VASP, Bitget is now able to conduct business lawfully in the Polish marketplace, giving its customers a safer and more open trading environment. This development reaffirms the platform’s dedication to upholding the highest levels of compliance with regulations and monitoring, which is crucial to earning the confidence of its customers and other stakeholders.
Similar Registration in Lithuania
Bitget’s arrival to the Polish virtual asset industry follows the completion of the similar action in Lithuania, gaining the legal right to sell services associated with crypto in or out of the Baltic nation.
Gracy Chen, Bitget’s managing director, said:
“We understand that regulation is the future of the cryptocurrency industry if mainstream adoption is to be achieved. The recent registrations in the two European countries enhance our foothold and service in Europe.”
Bitget Seeks Global Expansion Amid Crypto Winter
Established in 2018, Bitget anticipates pursuing novel opportunities to further promote the adoption and advancement of blockchain technology globally while simultaneously maintaining its development and growth within the EU area.
The system has put together a strong compliance team, which has expanded by more than 50% during the past 12 months. Based on its most recent quarterly report, Bitget added employees during Q1 2023 from 1,000 to 1,300, and there are still about 300 positions vacant in research and development, compliance, business development, operations, and customer support.
Integration with TradingView
In order to enhance the accessibility of Bitget’s services, the company launched its integration with TradingView in March. TradingView is a charting and trading platform utilized by millions of traders worldwide.
Additionally, it established a $100 million fund to assist Web3 initiatives in April. The Web3 fund, according to reports, seeks venture capital and projects internationally, but prefers Asian partners with creative ideas.
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