Bitget Explores Establishing Lithuanian Hub as Part of EU Expansion

Source
YM Lee

Summary

  • Bitget announced its plan to establish a European regional hub in Lithuania to expand its business within the EU.
  • The company is preparing for compliance with the MiCA framework and stated that it is cooperating with regulatory authorities.
  • Bitget emphasized that it holds licenses in Poland, Australia, and Italy and is seeking global expansion.

Global cryptocurrency exchange Bitget has announced plans to establish a European regional hub in Lithuania.

On the 11th (local time), Bitget stated through its official channels, "We are setting up an office in Lithuania and hiring compliance and operational staff to prepare for compliance with the MiCA framework."

Hon Ng, Bitget's Chief Legal Officer, expressed gratitude towards the EU regulatory authorities for fostering a safe and vibrant environment for digital innovation, emphasizing, "Our vision for Europe is to expand our business and ecosystem."

Bitget holds licenses in key markets such as Poland, Australia, and Italy, and is striving for growth in crypto-friendly jurisdictions.

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YM Lee

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