Bitget officially registered its financial services in New Zealand on July 23, 2026, alongside plans to enter the United States market without waiting for regulatory clarity from the CLARITY Act. This move marks an aggressive global expansion, even as the crypto exchange recently closed its doors to users in Singapore.
New Registration in New Zealand and Singapore Blockade
Bitget’s registration in New Zealand is listed on the Financial Service Providers Register (FSPR) and covers five business categories. These services include foreign exchange trading, domestic and cross-border money transfers, client asset custody, portfolio management, as well as the execution of financial and foreign exchange products. Bitget has also joined the Insurance and Financial Services Ombudsman (IFSO) dispute resolution scheme to ensure customer protection.
However, this FSPR status represents only an administrative registration, not a full license or strict regulatory oversight in New Zealand. Outside this jurisdiction, Bitget holds a digital asset service provider (DASP) license in El Salvador and authorization from South Africa’s FSCA. This policy contrasts with the situation in Southeast Asia, where Bitget completely blocked access for users from Singapore starting from an official announcement on July 22, 2026, due to a lack of licensing in the country.
Plans to Penetrate the US Market Without the CLARITY Act
Amid global crypto regulatory uncertainty, Bitget CEO Gracy Chen emphasized that the exchange will continue to expand into the United States market. Bitget will not wait for Congress’s decision on whether the CLARITY Act bill passes. Its strategy is to establish an independent local entity to pursue various operational licenses in the US, such as money transmitter licenses, derivatives trading approvals, and broker-dealer licenses.
This expansion plan is supported by the strong performance of their tokenized stock products. Bitget’s rToken product currently offers exposure to more than 500 US corporate stocks such as Nvidia, Apple, Tesla, and the SPY ETF. In addition, the Stock+ feature provides access to over 10,000 US stocks with fractional ownership starting from 0.0001 shares.
These tokenized stock products are more than just a supplementary feature. They accounted for around 20% to 30% of Bitget’s total spot trading volume last quarter. Internal data shows that 52% of Bitget users hold both crypto assets and equities simultaneously, with the total value of tokenized stock assets on the platform exceeding $100 million.
For market participants, the integration of traditional equities and crypto assets offered by Bitget highlights an increasingly evident trend of financial industry hybridization. With over half of the platform’s active users holding both asset classes, crypto exchanges are no longer just places to trade digital coins, but are beginning to displace the role of conventional stockbrokers. Successfully entering the US market will ultimately test whether this business model can gain acceptance in the world’s financial capital. Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
