Bitget has further extended its reach in the European Union, registering as a Virtual Asset Service Provider (VASP) in Poland. The crypto exchange announced the news in a press release on Tuesday, reiterating its commitment to global expansion.
With the registration in Poland, Bitget can now legally offer its services to customers in the country in compliance with its regulations. Managing Director Gracy Chen expressed that: “Regulation is the future of the crypto industry [for] mainstream adoption. We embrace various regulatory frameworks and actively cooperate with governmental bodies to bring upon a better ecosystem.”
The crypto derivatives platform now serves over 8 million users in more than 100 countries/regions, boasting Lionel Messi as a partner. In the press release, Chen mentioned that the exchange is “proactively working with policymakers and regulators across the EU and worldwide, aiming to enable open access to crypto in a safe, responsible and compliant manner.”
Last April, Bitget had also completed registration in Lithuania. This news comes after the crypto exchange announced that it had concluded the first quarter with a 146% increase in BGB holders, pushing the token price to a record high.