Bitget re-enters UK market with local rules compliance

Bitget has officially relaunched its UK platform, which is now fully compliant with the Financial Promotions Regime.

Cryptocurrency exchange Bitget is returning to the UK just six months after suspending its services to new users in the country. The exchange announced in a press release dated November 12 that it has relaunched its services in accordance with the UK’s Financial Promotion Regime.

By partnering with Archax, a UK-regulated crypto custodian, Bitget users can trade crypto again and access custody services for a variety of assets, including tokenized real-world assets. Bitget CEO Gracy Chen said the entry into the UK market under the regime was “a step towards establishing Bitget as a long-term, compatible partner across a range of markets and providing investors with a platform to explore digital assets.”

Bitget paused its UK services in May after the Financial Conduct Authority introduced new compliance requirements for crypto firms. While the trading platform did not disclose specific details about the adjustments it has made to meet these requirements, it emphasized that it is working to ensure full compliance with the Financial Promotion Regime.

The relaunch comes just weeks after Bitget implemented strict criteria for listing tokens to protect users from high-risk projects and possible exit scams. According to the new rules, every project that wants to be listed on Bitget must undergo a strict evaluation covering multiple aspects. A comprehensive legal review ensures the project’s code quality, security measures and regulatory compliance.