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 Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Crypto Built More Rails, but the Next Battle Is Over How Much Work a Dollar Can Do
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👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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▶️ YouTube: /@financemagnates_official
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In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
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Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
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Recognition that matters.
Built on transparency.
Driven by the industry.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
