Bitget Brings Restrictions to Its Users in China!

The Singapore-based cryptocurrency exchange BitGet is making significant progress in the crypto world by announcing that it is on the verge of a large investment deal. Established in 2018 and reaching a transaction volume of 493 million dollars in the last 24 hours according to CoinGecko data, BitGet has more than 20 million registered users.

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In the official statement it made today, the company announced, “We are pleased to announce that we are in discussions for a large investment. This strategic decision will provide us with more opportunities and growth potential.”

However, this significant development brings with it some restrictions. The company announced it would stop taking new user registrations from mainland China due to investment discussions. This decision is considered part of BitGet’s growth strategy.

In April, BitGet entered the Hong Kong market and announced last month that it will withdraw from the region. This withdrawal decision is considered as one of the steps directed at shaping the company’s global strategy.

This significant step by BitGet emphasizes the rapid changes and growth potential in the crypto world. It is eagerly anticipated what impact the limitation decision taken by the company will have on the cryptocurrency market in the coming days.

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