Bitget, a leading global cryptocurrency exchange, has been granted a Virtual Asset Service Provider (VASP) license by Bulgaria’s National Revenue Agency.
Following the approval, Bitget has been authorized to offer its Bulgarian clients a range of cryptocurrency services. The exchange can now provide services including trading, safe transfers, custody, and cryptocurrency asset exchange thanks to the license. Bitget’s Bulgarinan customers will also be able to participate in public token offerings on the platform.
This license gives Bitget greater chances of expanding in the digital assets market. As Bitget pushes to obtain the EU’s Markets in Crypto-Assets license, which would help it strengthen its position in the European market, obtaining the VASP license is a good step in the right direction.
Hon Ng, Chief Legal Officer at Bitget, remarked:
“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 noted that Bitget intends to continue expanding globally in 2025 while closely monitoring regulatory compliance in each new market it enters. According to Ng, the company has always placed a strong priority on following regulatory norms to preserve market integrity and build user trust.
The new milestone comes on the heels of Bitget’s prior license achievements in other countries like El Salvador, the UK, and Vietnam. Because of its efforts to protect users and comply with regulations, Bitget has previously been named by Forbes as one of the most reliable exchanges in the world.
