Bitget set to exit Japan, close all remaining positions by year-end

PolicyBitget set to exit Japan, close all remaining positions by year-endThe crypto trading platform, ranked fifth on CoinGecko, stopped accepting new registrations on Sunday and plans to shut down all remaining positions by Dec. 31.By Olivier Acuna|Edited by Sheldon Reback Aug 3, 2026, 12:03 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitget will halt crypto trading services for Japan residents, having already stopped new registrations as it moves to comply with the country’s regulations.The company will close all remaining positions by Dec. 31.The move comes as Japan tightens oversight of unregistered foreign crypto platforms and prepares to enforce new rules treating cryptocurrencies as financial instruments with steep penalties for noncompliance.Bitget said it will stop providing crypto trading services to residents of Japan, citing efforts to comply with local regulations.The crypto exchange, ranked fifth by Coingecko with trading volume of roughly $714.7 million over the past 24 hours, stopped accepting new registrations from Japanese residents on Sunday, according to a Monday announcement.Japan reclassified cryptocurrencies as financial instruments following legislation approved by its parliament in mid-July. The new rules are expected to take effect next year and include fines of about $62,800 and prison sentences of up to 10 years for operation without registration.Existing users who believe Bitget has incorrectly identified them as Japanese residents must complete a Level-2 identity verification, including proof of address by Nov. 1, the company said. Accounts that do not complete the process will be considered Japanese, it added.Bitget will place those accounts into close-only mode starting Nov. 1, according to its FAQ. Users will not be able to open or add to positions or use services, including spot and futures trading, copy trading, trading bots and their earn pr…

Bitget set to exit Japan, close all remaining positions by year-end

Coins in this story

Discussion

Related stories

Bernstein sees another leg lower for crypto markets if Clarity Act stalls

Tom Lee's Bitmine bought more ether, added to stock buyback last week

Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC