Bitget Limited: Overview of an Unregistered Foreign Crypto-Asset Exchange Targeting Japan

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This entry sits under exchanges index. Read it with FSA crypto-asset exchange registration system for adjacent context and Japan financial regulation for the broader system boundary.

No Japan FSA registration - Not a JVCEA member - FSA warning letters issued twice: 2023-03-31 / 2024-11-28

1. Corporate entity and shareholders

• Corporate name: Bitget Limited
• English name: Bitget Limited
• Founded: 2018
• Registered address: Republic of Singapore
• Listing status: Unlisted, as a global private company

2. Licences and registration status

• Japan crypto-asset exchange business: Unregistered; no FSA registration
• JVCEA membership: Non-member, neither Type 1 nor Type 2
• Japan FSA warning history:
  1. 2023-03-31First warning letter. The representative was listed as unknown. The warning was issued under the FSA administrative guidelines for crypto-asset exchange businesses, on the basis that the company was operating an unregistered crypto-asset exchange business targeting Japan-resident users.
  2. 2024-11-28Second warning letter. The representative was listed as Gracy Chen (CEO). The warning was issued on the same day as warning letters to KuCoin, bitcastle LLC, Bybit Fintech Limited, and MEXC Global, for a total of five entities.

3. Supported assets

• The FSA warning material is not a source for Bitget Limited’s supported assets or product composition. This entry does not infer an asset count or availability to Japan residents.

4. Business scope

• The FSA warning material does not enumerate Bitget Limited’s products, fees, leverage, or deposit and withdrawal functions. This entry is limited to the regulatory fact of unregistered operation on the warning dates.

5. Market position and trading volume

• The FSA warning material contains no comparable figures for Bitget Limited’s Japan trading volume, account count, or market share. This entry does not infer global rank or scale in the Japanese market. For similarly warned operators, see Bybit, MEXC, and KuCoin.

6. History and major events

The table below is limited to FSA warning publications concerning Japanese regulation. Incorporation, management changes, user counts, and wallet integration depend on other sources and are not treated as evidence for this regulatory table. ^[Source: https://www.fsa.go.jp/policy/virtual_currency02/index.html.]

The FSA material is not a source for determining whether hacks or other major incidents have occurred, so this entry makes no claim of their absence.

7. Strategic developments

• The FSA published warnings to Bitget Limited on 2023-03-31 and 2024-11-28. This entry does not use that material alone to infer subsequent Japan-facing service or registration activity.

8. Key persons

• Gracy Chen: Named as the representative of Bitget Limited in the FSA warning dated 2024-11-28.

Related

• japan-financial-regulation - Overview of Japan financial regulation
• jp-foreign-exchange-bybit - Another overseas unregistered exchange warned by the FSA
• jp-foreign-exchange-mexc - Exchange warned on the same day
• jp-foreign-exchange-kucoin - Exchange warned on the same day
• fsa-foreign-exchange-warning-system - FSA warning framework for overseas exchanges
• cex-native-token-strategy-comparison - CEX native-token strategy comparison
• global-vasp-regulatory-comparison-matrix - Global VASP regulatory comparison matrix

Sources

• FSA crypto-asset and electronic payment instruments page (retrieved 2026-05-19)
• FSA warning PDF for unregistered crypto-asset exchange business - Bitget Limited (2023-03-31) (retrieved 2026-05-19)
• FSA warning PDF for unregistered crypto-asset exchange business - Bitget Limited (2024-11-28) (retrieved 2026-05-19)
• CoinPost - FSA issues warning letters to five unregistered virtual-currency exchanges (2024-11-28) (retrieved 2026-05-19)