Bitget registers as financial service provider in New Zealand, expanding global compliance footprint

Bitget registers as financial service provider in New Zealand, expanding global compliance footprint

Bitget, a crypto exchange, has officially registered with New Zealand's financial regulator, allowing it to offer services like forex, asset custody, and stock trading. This is part of its global expansion, following licenses in El Salvador and South Africa.

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Cryptocurrency exchange Bitget has registered as a Financial Service Provider (FSP) in New Zealand, marking another step in its global compliance expansion. The registration, completed on the New Zealand Financial Service Providers Register (FSPR), allows Bitget to offer services including foreign exchange, cross-border remittances, asset custody, portfolio management, and execution of stock and ETF trades on behalf of clients. Additionally, Bitget has joined the New Zealand IFSO dispute resolution scheme, providing users with an independent channel for handling complaints. This move strengthens Bitget's global compliance infrastructure and supports the expansion of traditional financial instruments and tokenized RWA (Real World Assets) businesses. Previously, Bitget obtained a DASP license in El Salvador and an FSCA license in South Africa. On the product side, Bitget has launched rToken, a US stock token that mirrors liquidity from traditional markets like Nasdaq, and offers a broker-linked US stock service supporting over 10,000 US stocks and options trading.

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