This is a significant step after it suspended services to new users in the UK six months ago. Bitget stated in a press release on November 12 that its relaunched services are fully compliant with the new regulations in the United Kingdom.

The exchange has established a partnership with Archax, a UK-regulated crypto custody service provider, allowing its users to trade across a range of assets, including tokenized real-world assets, and access custody services.

Gracy Chen, CEO of Bitget, said: “The entry into the UK market under the Financial Promotion Regime is a step towards establishing Bitget as a long-term, compatible partner in different markets.” Chen emphasized that this initiative offers investors a platform to explore digital assets.

In May 2024, Bitget suspended its services in the United Kingdom following Financial Conduct Authority (FCA) regulations that introduced new compliance requirements for crypto companies.

Although Bitget did not provide details about what special arrangements it made to become compliant during this period, it stated in its statements that this process was worked on intensively. The exchange stated that the relaunched services are fully compliant with the UK’s current regulations and that a significant improvement has been achieved in this process.

This relaunch is in line with other important decisions Bitget has made recently. A few weeks ago, Bitget added strict criteria to its token listing process in order to protect users from high-risk projects and possible scams.

Now, every project that applies for listing on the Bitget platform must pass a multi-faceted evaluation. This assessment includes a comprehensive review of the project’s legal status, code quality, security measures and regulatory compliance.

Bitget has been taking serious steps towards security and user protection lately. These new rules show that the exchange aims to prioritize user safety and investor protection above all else.

Additionally, the platform’s efforts to increase regulatory compliance suggest that Bitget plans to enter more countries and markets in the future. By fulfilling regulatory requirements and complying with financial promotion rules, the company aims to gain greater trust in the global market.

Bitget’s relaunch is being closely watched not only in the UK market but also across the entire crypto industry. It is stated that the company gives a strong message that the crypto industry should be regulated, and such developments can set an example for other exchanges and crypto platforms.

Compliance with regulations such as the Financial Promotion Regime not only meets legal requirements, but also increases the reliability of cryptocurrency exchanges and creates a broader environment of trust among users.

This relaunch is considered an important step that will contribute to the sustainable and secure growth of the platform, as part of Bitget’s long-term strategies.