Bitget Aligns with Binance in Restricting Transactions Amid Regulatory Crackdown
Bitget has joined Binance in restricting transactions linked to certain entities, citing overlapping US and EU regulatory actions. The exchange announced enhanced compliance controls on transactions involving 16 designated entities, including HTX and EXMO.
The restrictions are part of a coordinated industry-wide response to demands from Western regulators for stronger compliance control measures. Bitget's three-wave restriction timeline mirrors Binance's approach, with staggered dates of August 7, 13, and 23.
The first wave targeted Aban Tether Exchange and Shelbit on August 7, followed by A7 Africa, A7 Nigeria, and PilotFinance Ltd. on August 13. The largest group, effective August 23, includes ABCeX, BitPapa, EXMO Ltd, Exnode, HTX (Huobi Global SA), Monease Ltd, NoOnecrypto INC., Rapira, Tradex, and WhiteBird.
Bitget warned users to verify that transaction sources, originating addresses, and intermediary providers carry no links to the named entities. This mirrors Binance's approach, which also restricted transactions involving HTX, EXMO, and nine other platforms. The parallel timing and near-identical entity lists suggest both exchanges are responding to the same regulatory directives.