Bitget Exits Japanese Market Amid Regulatory Pressure

Bitget has announced its decision to discontinue operations for users residing in Japan, citing regulatory pressure. The trading platform halted new account registrations from Japanese territories after August 3 and is now requiring current account holders to verify their location credentials or prepare for asset withdrawal ahead of complete service termination.

The platform will initiate service curtailments for verified Japanese account holders starting November 1, 2026, with a deadline of December 31, 2026, for mandatory liquidation of open positions. Users must resolve margin trades and derivative contracts before the end of the year to avoid automatic liquidation.

The move follows multiple warnings from Japan's financial authorities regarding unauthorized cryptocurrency operations. Bitget had received formal warnings in March 2023 and November 2024, addressing concerns that the service provided cryptocurrency offerings to Japanese users without requisite approval.