VASPCheck

VASP Compliance Summary — Bitget

Bitget Limited · Exchange · Seychelles

Exported 2026-08-25

Data reviewed 2026-08-10

Overview

Compliance snapshot

Overall regulatory statusPending

EU MiCA statusMiCA application pending

MiCA CASP application filed in Lithuania — under assessment
Offshore parent in Seychelles; no tier-one prudential authorization
Trustpilot 3.1/5 · 4,760 reviews
Copy-trading and derivatives products drive most volume

High concern

Large derivatives-led venue with thin licensing: an offshore base, a small number of national registrations and a MiCA application still pending assessment.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
Lithuania	Bank of Lithuania LB · https://www.lb.lt/en/sfi-financial-market-participants	MiCA CASP application	Pending	LT-CASP-APP-2025-0141	2025-04-22
Seychelles	Financial Services Authority Seychelles FSCA · https://fsaseychelles.sc/regulated-entities	Securities dealer / VASP registration	Registered	SD-SC-2023-118	2023-02-08
United States	Financial Crimes Enforcement Network FinCEN · https://www.fincen.gov/msb-registrant-search	MSB registration	Registered	31000-2210-9931	2022-11-03

Reputation

Reputation scores

Trustpilot-style score3.1 / 5

Reviews4,760

App Store4.3

Google Play3.9

12-month trendup

Press sentiment (12m)+3 / ~4 / −4

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-06-25	CoinDesk	Bitget files for MiCA authorization in Lithuania The venue said an EU entity would take over European customers once authorized.	Neutral
2026-04-02	Reuters	Copy-trading products draw supervisory questions European supervisors asked several venues to explain retail suitability controls.	Negative
2026-01-16	Bloomberg	Exchange expands protection fund disclosure Monthly attestations of the reserve fund were published for the first time.	Positive
2025-09-30	Financial Times	Offshore venues face bank de-risking Correspondent banks continued to restrict flows to Seychelles-domiciled operators.	Negative
2025-06-11	CoinDesk	Bitget adds proof-of-reserves attestations Merkle-tree reporting was extended to additional assets.	Positive

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2025-05-20	Enforcement	—	Two national regulators issued public warnings about unauthorized promotion of derivatives to retail clients.
2024-10-08	Outage	—	Order entry degraded for about 90 minutes during a volatility spike.

Profile

Key facts

Founded2018

Websitebitget.com

Fiat currenciesEUR, USD, BRL

Proof of reservesPartial

Custody modelOmnibus hot/cold wallets with a self-declared protection fund

Legal entitiesBitget Limited (SC) · Bitget Europe UAB (LT)

Bitget

PendingMiCA application pendingESMA register

Bitget Limited

Exchange🇸🇨 Seychelles Founded 2018bitget.com

Visit website

Last reviewed

2026-08-10

Compliance snapshot

MiCA CASP application filed in Lithuania — under assessment
Offshore parent in Seychelles; no tier-one prudential authorization
Trustpilot 3.1/5 · 4,760 reviews
Copy-trading and derivatives products drive most volume

Overall concern

High concern

Large derivatives-led venue with thin licensing: an offshore base, a small number of national registrations and a MiCA application still pending assessment.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇱🇹 Lithuania	Bank of LithuaniaLB	MiCA CASP application	Pending	LT-CASP-APP-2025-0141	2025-04-22
🇸🇨 Seychelles	Financial Services Authority SeychellesFSCA	Securities dealer / VASP registration	Registered	SD-SC-2023-118	2023-02-08
🇺🇸 United States	Financial Crimes Enforcement NetworkFinCEN	MSB registration	Registered	31000-2210-9931	2022-11-03

🇱🇹 Lithuania
Pending
MiCA CASP application
Bank of LithuaniaLB
LT-CASP-APP-2025-01412025-04-22
Verify at source
🇸🇨 Seychelles
Registered
Securities dealer / VASP registration
Financial Services Authority SeychellesFSCA
SD-SC-2023-1182023-02-08
Verify at source
🇺🇸 United States
Registered
MSB registration
Financial Crimes Enforcement NetworkFinCEN
31000-2210-99312022-11-03
Verify at source

User signals

Reputation

Trustpilot-style score

3.1/ 5

3.1

4,760 reviews

Improving (12m)

App ratings

App Store: 4.3
Google Play: 3.9

Press sentiment (12m)

Positive3

Neutral4

Negative4

Media

Recent press

2026-06-25
Bitget files for MiCA authorization in LithuaniaNeutral
CoinDesk — The venue said an EU entity would take over European customers once authorized.
2026-04-02
Copy-trading products draw supervisory questionsNegative
Reuters — European supervisors asked several venues to explain retail suitability controls.
2026-01-16
Exchange expands protection fund disclosurePositive
Bloomberg — Monthly attestations of the reserve fund were published for the first time.
2025-09-30
Offshore venues face bank de-riskingNegative
Financial Times — Correspondent banks continued to restrict flows to Seychelles-domiciled operators.
2025-06-11
Bitget adds proof-of-reserves attestationsPositive
CoinDesk — Merkle-tree reporting was extended to additional assets.

History

Incidents & enforcement

2025-05-20Enforcement
Two national regulators issued public warnings about unauthorized promotion of derivatives to retail clients.
2024-10-08Outage
Order entry degraded for about 90 minutes during a volatility spike.