Bitget Prioritizes Security and Compliance in European Expansion

Bitget, the world's leading cryptocurrency exchange and Web3 company, reiterates its commitment to the European Union's Markets in Crypto-Assets (MiCA) regulations. While aligning with MiCA regulations is no easy feat, Bitget sees it as an opportunity to build trust and credibility in the industry. As they work towards obtaining the full license, Bitget's dedication aims to boost consumer confidence and, in turn, the mainstream adoption of digital assets.

Recognising the potential in Europe, Bitget has made several key moves in the region to establish themselves as the preferred exchange. In Europe alone, the platform has obtained the relevant licenses and approvals in several markets such as Poland, Italy, UK, Bulgaria and is actively pursuing licenses in more than 15 jurisdictions worldwide. The company is also closely collaborating with European regulators to ensure its products meet all regulatory requirements while prioritizing the protection of user assets and data.

“We have a sharp focus on meeting compliance standards in every jurisdiction where we operate and we have been investing in our compliance programme from day one. We believe that our approach enhances user trust, ensures market integrity while at the same time increasing global adoption of digital assets and ensures long-term sustainable growth as we align our operations with emerging regulations worldwide.” commented Hon Ng, Chief Legal Officer at Bitget.

“Europe is at the forefront of the crypto revolution, and we are committed to contributing to its growing ecosystem of crypto startups. By establishing a hub in the European Union and by taking proactive steps to obtain licenses in several jurisdictions, we are demonstrating our strong commitment to uphold the highest standards of security and compliance” Hon added.

Outside of compliance, Bitget is committed to provide a safe trading environment for its users. Bitget’s security stands out with a strong, multi-layered system. Starting from its over $500 million Protection Fund, acting as a safety net against potential threats within the volatile cryptocurrency landscape, and its over 100% Proof of Reserves, which ensures all user funds are fully backed and transparently verified via Merkle Tree audits monthly.

Certified with ISO 27001:2022, Bitget’s top-tier standards include SSL encryption and a risk control system that proactively flags suspicious activity, showcasing a technical edge that’s kept it breach-free since 2018 despite constant attack attempts. This blend of cutting-edge tech and practical safeguards has earned media praise and a strong reputation, underlined by a historical AAA security rating, even as it navigates the crypto space’s relentless risks.

By prioritizing regulatory adherence and user safety, Bitget aims to establish a sustainable and secure platform for its expanding European user base, fostering confidence and driving the broader adoption of digital assets within the region.

As one of the main sponsors of the CEE conference, Bitget intends to directly engage with attendees, signaling a commitment to nurturing collaboration within the blockchain industry. The platform aims to facilitate knowledge-sharing and networking, with an eye towards building a more inclusive crypto ecosystem. To that end, Bitget has organized an exclusive side event scheduled for March 2nd, offering participants an opportunity for deeper interaction and discussion beyond the main conference agenda.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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