Bitget relaunched its UK platform with Financial Promotions Regime compliance.
Just six months after suspending new UK customers, cryptocurrency exchange Bitget is returning. The exchange announced its relaunch on Nov. 12 in conformity with the U.K. Financial Promotions Regime.
Bitget customers may trade crypto and receive custody services for a variety of assets, including tokenized real-world assets, via Archax, a U.K.-regulated crypto custodian. According to Bitget CEO Gracy Chen, entering the U.K. market under the regime is a “step towards establishing Bitget as a long-term, compliant partner in diverse markets, providing investors with a platform to explore digital assets.”
After the Financial Conduct Authority mandated crypto compliance, Bitget halted U.K. services in May. The trading platform did not divulge any revisions to fulfill these standards, but it stressed that it is trying to comply with the Financial Promotions Regime.
The relaunch comes weeks after Bitget tightened token listing standards to protect customers from high-risk projects and exit frauds. Bitget now requires a thorough evaluation of all projects before listing them. In-depth legal assessment assures project code quality, security, and regulatory compliance.