Lithuania Becomes Key Focus For Bitget As MiCA Deadline Nears

Bitget wants to set up a new office in Lithuania to prepare for the full rollout of the Markets in Crypto-Assets (MiCA) rules. The company said this move will include opening a local office and building a team that will focus on following the rules.

Bitget is already allowed to operate in Poland, Italy, and Australia, and it is also asking for approvals in over 15 other countries around the world.

The Company Aims To Contribute To Europe’s Crypto Ecosystem

Hon Ng, Bitget’s Chief Legal Officer, said that the company appreciates how the EU is leading the way with its rules, creating a safe and creative space for digital growth. He also stated that Europe is leading the crypto change, and by setting up a base in the EU, Bitget shows it focuses on security and following the rules. Bitget wants to help grow Europe’s crypto startup community.

The company has also re-entered the UK as part of its plans to grow globally. Bitget sees this as an important move because the MiCA rules aim to create a single standard for cryptocurrency across Europe.

Bitget sees Europe not just as a place for rules but also as a space to support crypto ideas and help new startups grow. The company offers many services, like trading tools, a multi-chain wallet, and NFT options. Since it was founded in 2018, the company has helped over 45 million users in 150 countries.

In October, Bitget Wallet shared that it grew a lot, doubling its user base to 40 million since March. It also said it had almost 6 million app downloads in September, making it the second most downloaded crypto app worldwide after Binance.

Bitget Wants To Bring Web2 Users Into Web3

Alvin Kan, the Chief Operating Officer of Bitget Wallet, noted that most tokens (over 90%) are only on decentralized exchanges (DEXs). He explained that Bitget helps users find new opportunities and wants to bring regular Web2 users into Web3, especially in places where it’s hard to access traditional finance.

The crypto exchange is also growing by teaming up with sports. In September, the company announced a partnership with Spain’s top football league, La Liga, becoming the official crypto partner for Eastern, Southeast Asian, and Latin American regions. This partnership is part of Bitget’s plan to grow and make more impact in the global crypto world.

Bitget also added Zircuit (ZRC), a new project that runs on zero-knowledge rollup technology to improve its ecosystem. ZRC will be listed in Layer 2, the Innovation, and ZK Zone, helping Bitget support more creative blockchain ideas.

Trading for ZRC/USDT has begun, and deposit and withdrawal options are available to make sure users can trade smoothly.