Bitget Secures Georgia License Expanding Eastern Europe Operations

Bitget, a prominent cryptocurrency exchange and Web3 company, has successfully secured regulatory approval in Georgia to operate as a provider of digital asset exchange and custodial wallet services. This approval, granted through the Tbilisi Free Zone (TFZ), allows Bitget to expand its operations in Eastern Europe, a region known for its supportive regulatory environment and growing interest in digital assets.

The move by Bitget to secure a license in Georgia is part of a broader strategy to enter markets that offer operational clarity and crypto-friendly policies. Georgia has emerged as an attractive destination for digital asset companies due to its favorable tax environment, progressive crypto regulations, and leadership in crypto mining per capita. The TFZ, in particular, has become a hub for digital asset firms seeking compliant yet flexible infrastructure, making it an ideal location for Bitget to establish a strong presence.

Bitget's CEO, Gracy Chen, highlighted the significance of this expansion, stating that regions with strong crypto-friendly frameworks are laying the groundwork for the future of finance. She emphasized that Georgia's strategic policymaking not only fosters growth but also ensures user safety and accessibility. This alignment with supportive regulations is crucial for Bitget as it continues to engage with governments and regulators that promote responsible innovation.

The Georgian license is the latest addition to Bitget's expanding regulatory footprint, which already includes authorizations across Europe, Latin America, and the Asia-Pacific region. The company holds registrations in various countries, such as Australia, Italy, Lithuania, Poland, Bulgaria, the Czech Republic, the UK, El Salvador, and Argentina. This global licensing strategy underscores Bitget's commitment to compliance and its efforts to facilitate expansion in regions that recognize the long-term potential of cryptocurrencies.

Bitget's entry into Georgia is part of a broader trend among major digital asset platforms, which are increasingly turning their focus to Eastern Europe. The region's supportive regulations and expanding user base make it an attractive market for companies looking to grow their operations. By securing a license in Georgia, Bitget is positioning itself to take advantage of these favorable conditions while ensuring compliance with local regulations.

With this license, users in Georgia can access Bitget’s full range of services — including spot trading, futures, and copy trading — all within a fully compliant, locally regulated environment. Gracy further explains that users also benefit from enhanced security measures such as proof of reserves and a dedicated protection fund.

In summary, Bitget's acquisition of a digital asset license in Georgia marks a significant step in its expansion strategy. The move allows the company to offer its services in a region known for its supportive regulatory environment and growing interest in digital assets. This expansion is part of Bitget's broader mission to operate in markets that recognize the long-term potential of cryptocurrencies and promote responsible innovation.