Bitget Halts Registrations in China, Teases Big Announcement

The exchange has suspended new user onboarding as it engages in negotiations ahead of a major announcement.

Man on the phone, sitting on a huge kill switch in a digital Chinese environment.
Created by Gabor Kovacs from DailyCoin
  • Cryptocurrency exchange Bitget has suspended registrations in China.
  • The exchange hinted at an imminent announcement.
  • Bitget recently halted operations in Hong Kong.

Cryptocurrency exchange and Web3 company Bitget has been making significant changes that suggest a shift in its operations within the Asia-Pacific region.

Following its exit from Hong Kong, one of the leading crypto hubs in the APAC, Bitget has now declared a similar decision directed at users in China.

Suspension of Registrations Ahead of Major Announcement 

In a blog post on December 1, Bitget announced the suspension of new user onboarding within Mainland China. 


As per the official release, the exchange is involved in a negotiation expected to contribute to its expansion.

“Bitget is currently negotiating a major investment. This strategic decision will bring us more opportunities and room for growth.”

Bitget announced the suspension of operations on its Hong Kong subsidiary, BitgetX, on November 13, marking its complete exit from the region.

While the exchange did not state explicit reasons for its exit from the region, rumors circulated within the cryptocurrency community, suggesting a potential acquisition or major investment in the Hong Kong-based exchange OSL.


Bitget encouraged users to watch out for pertinent updates relevant to imminent announcements.

Read more about Bitget’s approach to regulatory compliance in users registration:   
Bitget Sets Stricter KYC Requirements: What You Need to Do 
Negotiations are intensifying between KyberSwap and its $47M hacker. Find out more: 
KyberSwap’s $47M Remains Hostage, Hacker Shares New Demands 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.