Bitget’s European arm has taken a formal step toward EU market access: Bitget EU submitted an application for authorisation as a crypto-asset service provider under the EU’s Markets in Crypto-Assets framework (MiCAR) to Austria’s Financial Market Authority (FMA), the company said in a June 17 update.
The filing — made under Regulation (EU) 2023/1114 and subject to Article 62 (CASP authorisation) — is now under regulatory review. Bitget stressed the application is an active filing, not a granted licence: the “timing, scope and outcome” will depend on the FMA’s assessment, and the announcement should not be read as approval or endorsement by any regulator.
What this means for users
- Current access to Bitget Global products remains governed by existing contracts, legal arrangements and online disclosures.
- Bitget says user funds remain safe and can be verified via its proof-of-reserves page. Access to assets will continue to be subject to platform terms and conditions.
- The company also warned the statement does not amount to an offer to provide services in jurisdictions where prior authorisation is required.
Leadership and European hub
Bitget appointed former KuCoin EU and Bitpanda executive Oliver Stauber as CEO of Bitget EU in January and named Vienna as its MiCAR-ready European headquarters. The Vienna office is intended to support compliance, governance and supervisory engagement across the European Economic Area — and the new MiCAR application shows that plan has now entered formal review.
Why this matters
MiCAR requires crypto-asset service providers to secure authorisation before offering covered services across the EU. As the transitional windows for compliance narrow, firms without the correct authorisations may face limits on serving EU clients. Bitget’s filing comes as the broader market adapts: today, custody provider BitGo announced MiCA-compliant infrastructure to help European firms use regulated custody and wallet services while pursuing their own authorisations.
Product expansion
Bitget has also been broadening its regulated and tokenised product lineup. Earlier this year the exchange launched “Reality,” a platform offering tokenised U.S. stocks and ETFs, each backed 1:1 through regulated brokers.
What to watch next
Expect the FMA’s review timeline and scope to determine how quickly Bitget EU can begin offering MiCAR-covered services across the bloc. For now, the submission signals Bitget’s intent to operate under the EU rulebook and places Austria at the center of its European strategy, but a formal licence remains pending.
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