Bitget Considers U.S. Expansion Amid Changing Regulatory Landscape

Bitget CEO Gracy Chen recently discussed the possibility of the crypto exchange expanding into the U.S. market, citing potential regulatory changes under the incoming Trump administration.

However, she acknowledged that while the regulatory environment may become more favorable, significant challenges still exist.

Bitget, currently ranked as the 7th largest centralized exchange by daily trading volume, is considering the U.S. market to capitalize on its growth potential. Despite the U.S. being one of the largest crypto markets globally, many international exchanges face hurdles when trying to enter. For example, Binance’s U.S. branch was fined last year due to regulatory issues.

Chen pointed out that Trump’s administration has made moves that could benefit the crypto industry, including appointing a crypto-friendly SEC chair and implementing policies that could lead to a more favorable environment for exchanges. However, she emphasized that while the regulatory landscape might improve, navigating the complex state-level regulations remains a challenge.

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Bitget has already seen impressive growth, with its token (BGB) rising nearly 400% this year, in part driven by the current bull market. This success has prompted the company to explore U.S. expansion again, though nothing is confirmed. Bitget had initially tried to enter the U.S. in 2022 but abandoned the effort due to compliance challenges.

Chen noted that a potential partnership with a local company that already holds the necessary licenses could make it easier for Bitget to bypass some regulatory hurdles. However, the company has not finalized any plans, and it remains uncertain whether the U.S. will be a primary target for the exchange’s future expansion.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.