Bitget, Singaporean crypto exchange, is going to US
Singaporean crypto derivatives platform Bitget has announced its official registration with the United States Treasury Department’s Financial Crimes Enforcement Network. Now the service is planning large expansion to the United States.
The registration is just the initial step in setting up the legal operations in the country. Bitget also needs licenses from the states to provide most of its services. At the moment the company has set up its new office in Denver.
Bitget has launched in 2018 and specializes in crypto trading its services for retail and institutions. Initially it was a spot exchange, but later switched to derivatives.The average daily trading volume on the platform currently amounts to US$1 billion.
The company also has offices in Japan and Korea. In February it has secured a license exemption for operating as a cryptocurrency provider from the Monetary Authority of Singapore.