Bitget exchange has officially obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. This milestone enables Bitget to offer a full suite of crypto services, including trading, exchange, transfer, custody, and wallet services, within Bulgaria’s regulatory framework.
This achievement is a strategic step in Bitget’s broader European Union (EU) expansion. The company is actively preparing for compliance with the Markets in Crypto-Assets (MiCA) framework, which aims to unify regulations across the EU and provide greater security and transparency for digital asset users.
A Major Step Toward EU-Wide Compliance
Bitget’s latest regulatory approval reinforces its commitment to operating within regulated financial ecosystems. With Bulgaria serving as a key entry point into the European market, this license allows Bitget to expand its services while ensuring compliance with EU laws.
Hon Ng, Chief Legal Officer at Bitget, emphasized the significance of this move, stating:
“The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union. As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation while maintaining compliance.”
This approval follows Bitget’s prior regulatory successes in Poland, Italy, Lithuania, and the UK, further solidifying its status as a trusted player in the global crypto industry.
What the VASP License Means for Bitget Users
With this new license, Bitget can now legally provide a variety of crypto services tailored to European users, including:
- Crypto-Fiat Exchange – Seamless conversion between digital assets and traditional currencies.
- Trading and Transfers – Secure and efficient transactions on a regulated platform.
- Custody Services – Safe storage of digital assets with robust security measures.
- Public Offering of Crypto Assets – Support for token launches and innovative investment opportunities.
This regulatory green light ensures greater transparency, compliance, and security, making it easier for users to trust and engage with Bitget’s platform.
Bitget’s Rapid Global Expansion and Regulatory Success
In the past three months alone, Bitget has made major strides in securing licenses and expanding its global presence:
- BSP License in El Salvador – Strengthening operations in Latin America.
- UK Approval – Expanding digital asset services under strict regulatory oversight.
- Vietnam-Based Exchange BitEXC – Powering a compliant and local crypto trading platform.
Just a couple of weeks ago Crypto.com was the first exchange to secure a full MiCA license. Other exchanges such as OKX secured pre-authorization, with full license likely only weeks away.
In order to better prepare for MiCA compliance, Bitget also took steps and established a regional hub in Lithuania. With Bulgaria’s VASP license now secured, Bitget is committed to working closely with European regulators to ensure full compliance while prioritizing user protection and data security.
Looking Ahead: Bitget’s Vision for 2025 and Beyond
As Bitget continues to align its operations with global regulatory standards, it remains focused on enhancing user trust, ensuring market integrity, and driving worldwide crypto adoption.
Hon Ng added:
“In 2025, we are excited to continue growing Bitget’s regulatory footprint in partnership with global regulators. From day one, compliance has been at the core of our strategy, ensuring long-term sustainable growth while increasing digital asset adoption worldwide.”
With a clear vision for expansion, Bitget is setting a new standard for secure and compliant crypto trading in Europe and beyond.
Join Bitget’s Growing Global Community
As Bitget continues to grow, now is the perfect time to explore its secure and regulated platform. With 120 million users and an insurance fund worth over $560 million, Bitget is a trusted and safe exchange to trade on.
