Bitget Registers as Financial Services Provider in New Zealand

Cryptocurrency exchange Bitget has completed its registration as a Financial Services Provider in New Zealand, according to the country's Financial Service Providers Register (FSPR). The registration validates Bitget's financial services framework, encompassing categories such as foreign currency exchange, domestic and cross-border money transfers, custody of client assets, and the execution of financial product or foreign exchange transactions on behalf of clients.

In addition to the FSPR registration, Bitget has joined the New Zealand Insurance and Financial Services Ombudsman (IFSO) Dispute Resolution Scheme. This independent scheme provides an external channel for eligible customers to resolve disputes with participating financial service providers.

The move is part of Bitget's ongoing efforts to build the operational and compliance infrastructure necessary to support its expanding range of financial products. This includes traditional market instruments, foreign exchange services, and tokenized real-world assets.

"Financial platforms need compliance structures that can support a wider mix of assets and services," said Gracy Chen, CEO at Bitget. "The registration adds another layer to our international financial services framework as the platform continues connecting digital assets with established markets."

Bitget operates on a Universal Exchange (UEX) model, aiming to integrate crypto assets, tokenized stocks, commodities, foreign exchange, and other financial products onto a single trading platform. The company continues to expand its services through registered entities and qualified partners across various jurisdictions.