Bitget EU has applied for authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCAR), marking the exchange’s latest step toward operating under the bloc’s new crypto framework. Bitget Chief Executive Officer Gracy Chen said the application has been submitted to Austria’s Financial Market Authority, which is now reviewing the request. Approval would allow Bitget EU to offer regulated crypto services across the European Union under a single regulatory regime.
Chen disclosed the update in a post on X, writing, “Bitget EU has submitted an application for authorisation as a crypto-asset service provider under MiCAR to the Austrian Financial Market Authority.” She added that regulators are currently reviewing the application. While the process is underway, existing Bitget Global users will continue accessing services under their current contractual arrangements.
Bitget targets EU regulatory approval
Bitget’s application comes as crypto firms across Europe adapt to MiCAR, the European Union’s new regulatory framework for digital assets. The rules create a single set of standards for crypto businesses operating across the bloc, prompting exchanges and financial firms to seek authorization under the regime.
In a statement, Bitget said approval would allow Bitget EU to provide crypto-asset services under MiCAR rules. The company also noted that existing customer agreements and services will remain unchanged while regulators review the application.
The filing places Bitget among a growing number of firms seeking regulated crypto operations in Europe. Earlier this year, ClearBank Europe received approval from the Dutch Authority for the Financial Markets, allowing the institution to expand its digital asset services and support stablecoin-related activities within a regulated framework.
Europe continues expanding crypto framework
Bitget’s application comes as European regulators bring more digital asset firms under the MiCAR framework. In Germany, DZ Bank received authorization from BaFin in April, allowing the lender to roll out crypto trading services through the country’s cooperative banking network. The approval highlighted the growing adoption of MiCAR across Europe’s financial sector.
The filing also arrives at a time of broader changes in the digital asset market. Recently, Chen said investor interest has increasingly shifted toward sectors such as artificial intelligence and space technology, which she argued are attracting more institutional capital than cryptocurrencies.
At the same time, Bitget has faced scrutiny from some industry participants. Last month, blockchain investigator ZachXBT alleged that the exchange was connected to token manipulation activity involving the LAB token. The claims emerged after analysts identified large token withdrawals from wallets linked to the platform. Bitget has not slowed its regulatory efforts and continues to pursue expansion under established compliance frameworks.
Austria’s Financial Market Authority is the body that market players are currently waiting for a response from. In case of approval, Bitget EU will be able to operate in accordance with the EU’s uniform crypto regulations.
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