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Bitget

From Wikipedia, the free encyclopedia
(Redirected from Draft:Bitget)

Bitget
TypePrivate
IndustryCryptocurrency
Founded2018; 8 years ago (2018)
Headquarters
Unknown
Area served
Worldwide
Key people
Gracy Chen (CEO)[1]
ProductsCryptocurrency exchange, cryptocurrencies
SubsidiariesBitget Wallet
Websitewww.bitget.com

Bitget is a centralized cryptocurrency exchange.

History

[edit]

Bitget was founded in 2018.[2]

In 2022, cryptocurrency wallet BitKeep (later rebranded as Bitget Wallet[2]) reported multiple security incidents. In October 2022, BitKeep's swap feature was exploited, resulting in losses of about US$1 million. Following a separate December 2022 hack linked to a counterfeit version of its app, BitKeep promised to reimburse affected users in USDT, paying back in split schedule. Blockchain security firm PeckShield estimated total losses from the December incident at about US$8 million.[3] In March 2023, Bitget acquired BitKeep, a non-custodial wallet, and rebrand as Bitget Wallet following a $30 million fundraise while undergoing management and security changes as part of the rebranding.[4]

In 2023, Bitget halted a pilot integration of ChatGPT into its customer service workflow after the system produced misleading or incomplete responses to user inquiries. Management of the company warning that relying solely on AI for decision-making was “very dangerous”. The exchange suspended the experiment after two weeks when most users who tried it reported a negative experience.[5]

In 2024, amid the growing popularity of Telegram-based games such as Hamster Kombat, Bitget and Foresight Ventures invested US$30 million in the TON ecosystem.[6]

Sponsorships

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In 2021, Bitget became Juventus's first sleeve sponsor.[7] In 2022, it entered into a promotional partnership with Lionel Messi.[8] In 2024, LaLiga announced a multi-year regional agreement with Bitget.[9] Following the 2025 Wang Fuk Court fire in Tai Po, Bitget was named by Po Leung Kuk as having donated HK$3.5 million to its relief efforts.[10]

[edit]

The exchange has faced regulatory warnings in several jurisdictions.[11][12][13]

Hong Kong

[edit]

In 2023, BitgetX withdrew from Hong Kong after deciding not to seek a local virtual-asset trading licence.[14][15] BGX, which shared a chief executive with BitgetX but denied being affiliated with Bitget, subsequently acquired a substantial stake in the parent company of the licensed exchange OSL.[16]

Singapore

[edit]

In 2021, Singapore's financial regulator suspended Bitget's operations in the country over allegations of misleading promotion of the token named after the BTS fanbase.[17] BTS's management company Hybe threatened legal action over its promotion.[18] Bitget subsequently announced that it would delist ''ARMY'', while allowing withdrawals for a limited period.[19][20]

United Kingdom

[edit]

In 2024, Bitget ceased serving users in the United Kingdom (UK) in response to the Financial Conduct Authority's (FCA) ban on retail cryptocurrency derivatives.[21] Later this year, the exchange relaunched its UK website after obtaining approval for its financial promotions from Archax.[22]

See also

[edit]

References

[edit]
  1. ↑ Lang, Hannah (14 July 2025). "Crypto exchanges rushed to list Trump's coin - leaving many losers and some big winners". Reuters.
  2. 1 2 Кузьмичева, Анастасия (26 December 2024). "Токен биржи Bitget вышел в лидеры по росту в 2024 году. Как это произошло". RBK Group.
  3. ↑ More, Anviksha (19 January 2023). "BitKeep to Reimburse Hacking Victims by March". BankInfoSecurity. Information Security Media Group (ISMG). Retrieved 6 March 2026.
  4. ↑ PTI (30 March 2023). "BitKeep Rebrands As Bitget Wallet After Acquisition". The Times of India. Retrieved 16 March 2026.
  5. ↑ Schwartz, Leo (30 May 2023). "As crypto embraces A.I., a major exchange scraps its ChatGPT integration because 'it's very dangerous'". Fortune. Retrieved 6 March 2026.
  6. ↑ Chhetri, Manish (18 September 2024). "Bitget and Foresight Ventures invest $30 million in TON blockchain". FXStreet. Retrieved 17 July 2026.
  7. ↑ Jones, Rory (28 September 2021). "Juventus name Bitget as first-ever sleeve sponsor". SportsPro. Retrieved 23 June 2026.
  8. ↑ Lemire, Joe (23 June 2026). "Lionel Messi Signs Second Crypto Partnership With Cryptocurrency Exchange Bitget". Sports Business Journal. Retrieved 23 June 2026.
  9. ↑ Samadi, Faaez (19 September 2024). "LaLiga signs 'multi-million' crypto deal with Bitget". SportBusiness. Retrieved 23 June 2026.
  10. ↑ "新聞稿 - 新聞及刊物 - 保良局 - 多元化的慈善服務團體". www.poleungkuk.org.hk (in Chinese (Hong Kong)). Retrieved 23 June 2026.
  11. ↑ "Investor alert: ASIC warns investors of Bitget's unlicensed crypto asset futures products". Australian Securities and Investments Commission. 28 July 2025. Retrieved 5 January 2026.
  12. ↑ "bitget.com: BaFin investigates the company BG Limited". BaFin. Archived from the original on 9 September 2024. Retrieved 6 March 2026.
  13. ↑ "The AMF reminds the public that the cryptoasset trading platform BITGET is blacklisted". AMF. Retrieved 6 March 2026.
  14. ↑ "BC Technology Group circular (subscription agreement with BGX)" (PDF). HKEXnews.
  15. ↑ "BC Technology Group Limited — Circular (Subscription Agreement with BGX)" (PDF). Hong Kong Exchanges and Clearing Limited. 18 December 2023. Retrieved 11 January 2026.
  16. ↑ Shen, Xinmei (15 November 2023). "Owner of Hong Kong crypto exchange OSL gets US$91 million from firm linked to Bitget, which is exiting the market". South China Morning Post. Retrieved 1 November 2024.
  17. ↑ Ni, Vincent (5 December 2021). "Singapore suspends crypto exchange over row with K-pop band BTS". The Guardian. Retrieved 9 January 2026.
  18. ↑ Berger, Miriam (7 December 2021). "Singapore suspends cryptocurrency exchange accused of misleading BTS fans". The Washington Post. Retrieved 9 January 2026.
  19. ↑ Park, Jae-hyuk (29 October 2021). "'Army Coin' irks BTS agency in talks with Upbit operator". The Korea Times. Retrieved 11 January 2026.
  20. ↑ "Bitget Will Delist ARMY on December 3, 2021". Bitget Support Center. 1 December 2021. Retrieved 11 January 2026.
  21. ↑ "Notice to United Kingdom Users | Bitget Support Center". Bitget. Retrieved 17 July 2026.
  22. ↑ Times, The Fintech (13 November 2024). "Bitget Returns to UK: Archax Approval Ensures Compliance with the FCA's Financial Promotion Regime". The Fintech Times. Retrieved 17 July 2026.
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