Bitget eyeing Lithuania for European regional hub 

Crypto exchange Bitget considers Lithuania its European regional hub, reflecting its strategic expansion within the European Union.

Bitget, which already has a virtual asset service provider license in Lithuania, plans to establish an office in the country and hire compliance and operations staff, according to the company’s statement.

The exchange’s efforts are part of broader preparations for the MiCA framework, which aims to create a unified regulatory environment for crypto assets across the EU. The company aims to work closely with European regulators to ensure its offerings comply with regulatory standards while protecting user assets and data.

Bitget (BGB) holds licenses in markets such as Poland, Australia, and Italy, and has prioritized compliance with legislation in crypto-friendly jurisdictions.

Europe’s changing crypto regulation

In a statement, Bitget’s Chief Legal Officer Hon Ng emphasized the exchange’s commitment to regulatory compliance and support for Europe’s expanding crypto ecosystem.

Ng described the decision to focus on Lithuania as an indication of Bitget’s intention to maintain high security and compliance standards while encouraging innovation in the industry.

The exchange recently resumed operations with fully compliant services in the United Kingdom and is seeking regulatory approvals in more than 15 jurisdictions worldwide. Bitget paused its UK services in May after the Financial Conduct Authority introduced new compliance requirements for crypto firms.