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Crypto Exchange Bitget Looks to Expand to India as Regulated Platform
The post Crypto Exchange Bitget Looks to Expand to India as Regulated Platform appeared on BitcoinEthereumNews.com. Coinspeaker Crypto Exchange Bitget Looks to Expand to India as Regulated Platform Bitget, a well-known crypto derivatives exchange, is planning to expand its operations into India, one of the world’s most populous nations, in compliance with the country’s regulatory requirements. In a lengthy post on X, the company’s head of global communications, Simran Alphonso, said the firm is in talks with Indian regulators to acquire an operational license to enable it to legally serve its customers in the region. Regulatory Pursuit in India Alphonso revealed the company sees India as an important market for its business offerings and is currently pursuing a regulatory license to serve as a compliant platform for crypto trading. “India is a high-priority market for Bitget. We’re actively navigating through regulations to make sure the platform is compliant for us to serve our users in India,” she wrote on X. Bitget also described the nation as a “playground for blockchain and crypto”, noting that it has contributed significantly to the growth of the industry thanks to its massive population and highly skilled talent. In 2022, India emerged as one of the leading countries with the highest adoption rate for cryptocurrencies. According to data from blockchain analytics company Chainalysis, the nation ranked second after the United States in terms of global transaction volume. Global Compliance Efforts Bitget said its pursuit of operational licenses in jurisdictions with clear regulatory frameworks has awarded it two licenses outside of India. The firm has received regulatory approval from financial regulators in both Poland and Lithuania to serve as a virtual asset service provider (VASP) within the European nations. The exchange has now set its sights on the Indian market and plans to provide more updates regarding its progress in the coming weeks. However, it is important to note that Biget currently…
The post Crypto Exchange Bitget Looks to Expand to India as Regulated Platform appeared on BitcoinEthereumNews.com.
Coinspeaker Crypto Exchange Bitget Looks to Expand to India as Regulated Platform Bitget, a well-known crypto derivatives exchange, is planning to expand its operations into India, one of the world’s most populous nations, in compliance with the country’s regulatory requirements. In a lengthy post on X, the company’s head of global communications, Simran Alphonso, said the firm is in talks with Indian regulators to acquire an operational license to enable it to legally serve its customers in the region. Regulatory Pursuit in India Alphonso revealed the company sees India as an important market for its business offerings and is currently pursuing a regulatory license to serve as a compliant platform for crypto trading. “India is a high-priority market for Bitget. We’re actively navigating through regulations to make sure the platform is compliant for us to serve our users in India,” she wrote on X. Bitget also described the nation as a “playground for blockchain and crypto”, noting that it has contributed significantly to the growth of the industry thanks to its massive population and highly skilled talent. In 2022, India emerged as one of the leading countries with the highest adoption rate for cryptocurrencies. According to data from blockchain analytics company Chainalysis, the nation ranked second after the United States in terms of global transaction volume. Global Compliance Efforts Bitget said its pursuit of operational licenses in jurisdictions with clear regulatory frameworks has awarded it two licenses outside of India. The firm has received regulatory approval from financial regulators in both Poland and Lithuania to serve as a virtual asset service provider (VASP) within the European nations. The exchange has now set its sights on the Indian market and plans to provide more updates regarding its progress in the coming weeks. However, it is important to note that Biget currently…
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