Bitget, a cryptocurrency exchange that has grown rapidly in recent years to one of the largest, is considering partnerships with U.S. firms to gain a foothold in America, encouraged by the incoming Trump administration’s likely pro-crypto stance.
Some of the largest crypto exchanges such as Binance, ByBit, OKX and Bitget are prohibited from serving U.S. citizens. Binance.US, the American arm of the largest exchange, has been all but squeezed out as part of a bruising <a href=”https://www.coindesk.com/policy/2023/11/21/binance-to-settle-charges-with-us-doj-source” target=”_blank”>$4.3 billion settlement</a> between its parent company and U.S. authorities.
In early 2022, Bitget, which has daily trading volume of <a href=”https://www.coingecko.com/en/exchanges/bitget” target=”_blank”>around $8 billion</a>, considered starting the process of acquiring U.S. state licenses, said the exchange’s CEO, Gracy Chen. But after the collapse of FTX, the climate didn’t look

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