Bitget to exit Japan, close positions by Dec. 31

Key facts

• Crypto exchange Bitget is exiting the Japanese market.
• Bitget will cease services for Japanese residents by December 31.
• The platform has stopped new registrations for Japanese users.
• Existing accounts for Japanese users will be restricted starting November 1.
• All open positions for Japanese users will be forcibly closed by December 31.
• The reason cited for the exit is regulatory compliance.

Crypto exchange Bitget is ceasing its services for Japanese residents, with a complete withdrawal from the market scheduled for December 31. The decision stems from the need for regulatory compliance within Japan. Bitget has already implemented restrictions by stopping new user registrations and will further limit existing accounts starting November 1. To ensure a smooth exit and compliance, all open positions held by Japanese users will be forcibly closed by the end of the year. This move signifies Bitget's adherence to evolving regulatory landscapes in key markets.