Bitget Expands to New Zealand with Financial Services Provider Registration
Bitget, the world's largest Universal Exchange (UEX), has expanded its operations to New Zealand by registering as a Financial Services Provider on the country's Financial Service Providers Register (FSPR).
The registration supports Bitget's financial services framework and covers various registered service categories, including foreign currency exchange, domestic and cross-border money transfers, client asset custody, portfolio management, and the execution of financial product transactions.
As part of its compliance efforts, Bitget has also joined the New Zealand Insurance and Financial Services Ombudsman (IFSO) Dispute Resolution Scheme, which provides an external channel for customers to resolve disputes with participating financial service providers.
The registration is a significant step in building Bitget's operational and compliance infrastructure as it expands its range of financial products, including traditional market instruments, foreign exchange services, and tokenized real-world assets.
According to Gracy Chen, CEO at Bitget, 'Financial platforms need compliance structures that can support a wider mix of assets and services.'