Bitget is strategically expanding its presence in Europe with a focus on MiCA compliance. Oliver Stauber, an experienced legal expert and former head at Bitpanda, has been appointed as CEO of Bitget EU. This move aims to solidify Bitget’s long-term strategy in the European market.
Leading the MiCA Charge
Stauber’s appointment comes as Bitget aims to comply with the Markets in Crypto Assets Regulation (MiCA) in the European Union. The company has applied for a MiCA license in Austria, anticipating regulatory approval by the second quarter of 2026. Until then, Bitget EU will not offer services in the European Economic Area (EEA).
Ensuring Compliance and Integrity
Bitget EU is implementing rigorous compliance measures, including IP detection and enhanced Know Your Customer (KYC) protocols, to prevent unlicensed entities from accessing the platform. Stauber emphasizes that only assets meeting MiCA’s whitepaper, liquidity, and disclosure standards will be listed.
Market Integrity and Surveillance
Operating as a broker, Bitget EU will adhere to best-execution principles, sourcing liquidity from diverse providers. The platform will also deploy advanced tools to detect and prevent market abuse, aligning with European Securities and Markets Authority standards.
The Vienna hub was selected for its strategic location and robust regulatory environment, making it an ideal governance and compliance center for EEA operations.
Transitioning Existing Users
Once authorized, existing EEA users on Bitget’s global platform will be invited to transition to Bitget EU, offering them a compliant and secure trading experience.
This strategic expansion is crucial for Bitget’s growth in Europe, positioning it as a leader in regulatory compliance within the crypto space.
