Singapore based digital asset exchange and contract trading platform, Bitget, announced that they have received their Money Service Business License (MSB) from FinCEN, the US regulator.
Please Note: This is a Press Release
This marks an important first step into their planned push into the American market, joining the likes of Coinbase, Bitfinex and Huobi Global in receiving the MSB License.
With their recent application and approval for the MAS License Exemption from the Monetary Authority of Singapore, Bitget has said that they will continue to explore other licenses throughout the world, hoping to expand their footprint throughout all regions that are accepting of digital asset trading and investment.
Bitget is a digital asset exchange and contract trading platform based in Singapore. Founded in 2018 and primarily focused on exchange services, in July 2019 Bitget launched their first USDT contracts and inverse contracts. After 2 years of development, Bitget has surpassed 785,000 users worldwide, and averages over $1 billion USD of daily trading volume. In Q1 2020, Bitget launched Bitget Japan and Bitget Korea, with offices in India, the Philippines and Malaysia to launch in Q2 2020. Website: https://www.bitget.com