Bitget Is Back in the UK – A New, Compliant Crypto Option

The post Bitget Is Back in the UK – A New, Compliant Crypto Option appeared first on Coinpedia Fintech News

Bitget, a popular name in the crypto exchange world, is back on the UK stage, and this time they’re playing by the rules. Earlier in 2024, they pressed pause on UK operations to figure out how to work within new UK financial regulations. Now, they’ve relaunched with full compliance and have partnered with a trusted FCA reviewer. So, what does this relaunch mean for UK crypto users?

Navigating UK Compliance

To meet the UK’s tough standards, Bitget joined forces with Archax, a company authorized by the Financial Conduct Authority (FCA). Archax plays a key role here, as it ensures Bitget’s ads and promotions meet UK rules. These regulations, known as the FinProm rules, came into play in 2023 and require crypto firms to clearly communicate risks in their promotions. The idea is to keep things fair and transparent so investors aren’t left in the dark.

By partnering with Archax, Bitget is back after securing the approval needed to relaunch. This isn’t just paperwork—Archax’s Head of Regulation, Julia Loder, pointed out that the goal is to offer UK investors a safer environment. For UK users, it means they can explore crypto trading on a platform that’s up to code.

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.

The larger asset selection is good news for UK traders looking for choice and variety. And, because Bitget is focused on compliance, users might feel more comfortable trading, knowing the platform has gone through these extra steps.

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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.