Bitget obtains Bulgaria VASP license, expanding crypto services with trading, transfers, custody, and wallet management, advancing EU growth strategy.
Bitget, a leading cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) license in Bulgaria. The new license gives Bitget the authorization to provide several crypto products in the country. The service offerings from Bitget consist of trading as well as transfers and custody and wallet management.
The achievement represents an essential development which will help Bitget execute their global European expansion strategy. The company works towards acquiring the EU’s MiCA license to achieve standardization of crypto regulations throughout the region.
The country represents Bitget’s main entry point as the company prepares itself to penetrate various European markets. The nation stands as a crypto-friendly base which enables Bitget to achieve both expansion and innovation objectives. Hon Ng, Bitget Chief Legal Officer, declared the VASP license represents a defining achievement toward the company’s expansion vision.
He emphasized Bitget’s commitment to compliance and building trust with users. The company continues to prepare itself for the upcoming EU MiCA framework to establish united regulations concerning crypto asset management.
Bitget Promotes Blockchain Adoption with Bulgaria VASP License
The trading platform Bitget received authorization to operate from the regulatory bodies of Poland, Italy, Lithuania, and the United Kingdom. Bitget can supply crypto-to-fiat exchanges and secure transfers and token launch capabilities through its acquisition of the VASP license in Bulgaria.
In December 2024, Bitget secured a Bitcoin Service Provider (BSP) license from El Salvador. The license allows Bitget to convert Bitcoin into conventional money while offering payment solutions as well as managing digital asset safekeeping responsibilities. As part of its worldwide growth strategy Bitget develops strong relationships with regulators in numerous countries across the globe.
Forbes included Bitget among its list of globally trusted cryptocurrency exchanges. The VASP license from Bulgaria enables Bitget to prioritize adherence to regulatory standards as well as user protection and worldwide blockchain asset adoption initiatives.
Lastly, Bitget maintains its dedication to fulfill regulatory compliance requirements in all regions it maintains operations. Furthermore, Bitget’s investment in its compliance program from the start highlights its dedication to market integrity and user trust.
