This is Why Bitget Considers Entering US Market | Airdrop Alert Pro

Bitget CEO Gracy Chen claimed in a recent interview that the cryptocurrency exchange is considering entering the U.S. market. Chen noted that the U.S. regulatory market has been friendlier under Trump’s incoming term, but difficulties remain.

She has also expressed interest in forming partnerships to help clear regulatory hurdles in the United States, but nothing has materialized yet.

Bitget enters the US market?

List, Influential people in the crypto industrydiscussed these possible decisions in a recent report interview. Bitget is currently ranked seventh according to Coingecko data centralized exchange Judging from daily trading volume. Entering the U.S. may boost its market share.

Although the United States is one of the largest cryptocurrency markets, most international exchanges have difficulty accessing the market. Take Binance US branch as an example, receive significant fines last year.

Since the election of Donald Trump, however, the calculation has changed. trump card Pledges to implement a series of government reforms to support cryptocurrencieswhich helped fuel the industry’s great bull run. he has Appointing a Cryptocurrency Czar and a new pro-crypto currency SEC Chairman. These decisions have begun to reflect an impending regulatory shift in the U.S. cryptocurrency industry.

at the same time, Bitget has seen explosive growth this yearthe current bull run has further pushed its coin (BGB) higher. The coin hit an all-time high over the weekend and is up nearly 400% this year.

now that The company is cashing in on the hypewhose leadership saw a golden opportunity for expansion. Chen is clear, however, that this path is unproven. Bitget attempted to enter the US market in 2022 but abandoned the effort due to extensive compliance requirements. These obstacles haven’t gone away:

“We are revisiting our US strategy, although we haven’t made any decisions yet. For example, if our local partner already has a number of these licenses, then we can set up a joint venture. So we don’t need to go through all the applications. We may take this approach but haven’t decided yet,” Chen claimed.

Even under a friendlier federal government, state agencies can be a headache. Additionally, the exchange has recently experienced compliance issues, Condemned by Japanese regulators last month. Partnerships can alleviate some of these difficulties.

Ultimately, Chen was noncommittal about targeting the U.S. as a possible expansion target for Bitget. The company is consciously trying to capitalize on the industry boom for new expansion, Launch of new token listing portal In November, several competitors were embroiled in scandal. Mr. Chen’s comments may have been a similar interest-generating tactic.