The crypto exchange is currently in talks with the local market watchdog.
India is one of the fastest adopters of digital assets in the world.
A flag of India
Cryptocurrency
exchange Bitget has set its sights on becoming a regulated player in the
world's most populous democracy. The company's announcement comes as India
grapples with the complexities of integrating cryptocurrencies into its
financial ecosystem.
Bitget Signals Intent to
Register as Regulated Crypto Exchange in India
The company
revealed it is in active discussions with India's Financial Intelligence Unit
(FIU) regarding licensing requirements. Although there is increasing talk of stringent
regulations in the cryptocurrency industry in the country, India remains
one of the fastest adopters of crypto in the world.
It is a
vast market, and currently, nearly one in five people globally is from India.
No cryptocurrency exchange can afford to overlook such a large potential
customer base. This is evidenced by
the latest move from Binance, which is preparing to re-enter the local
market.
Simran Alphonso, Head of Global Communications at Bitget
"India
is a high-priority market for Bitget," Simran Alphonso, Head of Global
Communications at Bitget, commented. "We're actively navigating through regulations to make sure the platform is compliant for us to serve our users in India."
As part of
its efforts to establish a presence in India, Bitget is launching user
awareness campaigns aimed at educating investors about digital assets. The
company is also maintaining transparency by providing verifiable Proof of
Reserves data and offering users access to fund storage information, including
publicly available wallet addresses.
The
company's user protection initiatives include the Bitget
Protection Fund, which reported an average valuation of $429 million in
June 2024. This fund has been a key component of Bitget's strategy to provide a
secure trading environment since its launch in August 2022.
The
exchange also greatly benefited from the recent cryptocurrency boom, triggered
by Bitcoin reaching record values in March 2024. The customer base of the
exchange grew
to 25 million, and its native token surpassed the $1 milestone.
Cryptocurrency
exchange Bitget has set its sights on becoming a regulated player in the
world's most populous democracy. The company's announcement comes as India
grapples with the complexities of integrating cryptocurrencies into its
financial ecosystem.
Bitget Signals Intent to
Register as Regulated Crypto Exchange in India
The company
revealed it is in active discussions with India's Financial Intelligence Unit
(FIU) regarding licensing requirements. Although there is increasing talk of stringent
regulations in the cryptocurrency industry in the country, India remains
one of the fastest adopters of crypto in the world.
It is a
vast market, and currently, nearly one in five people globally is from India.
No cryptocurrency exchange can afford to overlook such a large potential
customer base. This is evidenced by
the latest move from Binance, which is preparing to re-enter the local
market.
Simran Alphonso, Head of Global Communications at Bitget
"India
is a high-priority market for Bitget," Simran Alphonso, Head of Global
Communications at Bitget, commented. "We're actively navigating through regulations to make sure the platform is compliant for us to serve our users in India."
As part of
its efforts to establish a presence in India, Bitget is launching user
awareness campaigns aimed at educating investors about digital assets. The
company is also maintaining transparency by providing verifiable Proof of
Reserves data and offering users access to fund storage information, including
publicly available wallet addresses.
The
company's user protection initiatives include the Bitget
Protection Fund, which reported an average valuation of $429 million in
June 2024. This fund has been a key component of Bitget's strategy to provide a
secure trading environment since its launch in August 2022.
The
exchange also greatly benefited from the recent cryptocurrency boom, triggered
by Bitcoin reaching record values in March 2024. The customer base of the
exchange grew
to 25 million, and its native token surpassed the $1 milestone.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Kalshi Prediction Market and TRON Integration Bridges Traditional Finance with Crypto
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
