Leading global cryptocurrency exchange Bitget has been granted a Virtual Asset Service Provider (VASP) license by Bulgaria’s National Revenue Agency, marking another milestone in its expansion into the European digital asset market.
Following this approval, Bitget is now authorized to offer its Bulgarian clients a range of crypto-related services, including:
- Trading
- Secure transfers
- Custody solutions
- Cryptocurrency asset exchanges
- Participation in public token offerings
This regulatory milestone enhances Bitget’s ability to operate within the EU’s evolving crypto landscape, setting the stage for its pursuit of the Markets in Crypto-Assets (MiCA) license, which will further strengthen its position in the European market.
Bitget’s Commitment to European Expansion
Hon Ng, Chief Legal Officer at Bitget, emphasized the importance of Bulgaria as a strategic hub for the exchange’s European growth:
“As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption.”
Ng also reiterated Bitget’s commitment to global expansion in 2025, stating that the company will prioritize regulatory compliance in every new market it enters. Building user trust and ensuring market integrity remain at the core of Bitget’s operational strategy.
Bitget’s Regulatory Milestones
The Bulgarian VASP license follows Bitget’s prior regulatory achievements in multiple jurisdictions, including:
- El Salvador
- The United Kingdom
- Vietnam
Due to its strong regulatory compliance measures and user protection efforts, Forbes has previously named Bitget one of the most reliable crypto exchanges in the world.
With its latest European regulatory approval, Bitget is reinforcing its commitment to regulatory compliance and market expansion. As the EU crypto market continues to evolve, obtaining the MiCA license will be a crucial step for the exchange to solidify its presence across the region and cater to an expanding user base.
