Feb 15, 09:34 PM

Bitget Secures Bulgarian VASP License; Blockchain.com Targets IPO with $1.09 Billion Raised and New Executives

Bitget has secured a Bulgarian Virtual Asset Service Provider (VASP) license, enhancing its capabilities in crypto exchange, trading, and custody services. This development is part of Bitget's strategy for EU expansion and compliance with the Markets in Crypto-Assets (MiCA) regulation. The company's Chief Legal Officer, Hon Ng, emphasized the importance of global regulatory compliance, noting previous approvals in Lithuania, Poland, Italy, and the UK. Meanwhile, Blockchain.com is advancing towards an initial public offering (IPO) by appointing Justin Evans as Chief Financial Officer and Mike Wilcox as Chief Operating Officer. The firm has raised a total of $1.09 billion, although its valuation has decreased from $14 billion in 2022 to under $7 billion in 2023. This move aligns Blockchain.com with other cryptocurrency firms like Circle and Kraken, which are also targeting public listings. Additionally, Bybit has introduced a financial and operational data disclosure mechanism, becoming the first crypto exchange to require spot coin listing projects to disclose financial reports, with SoSoValue being the first to comply.

#Bitget #EU #Ng #Lithuania #Poland #Italy #UK #Justin Evans #Mike Wilcox #Circle #Kraken #Bybit #SoSoValue

Written with ChatGPT (GPT-4o mini).

Sources

Additional media

Image #1 for story bitget-secures-bulgarian-vasp-license-blockchain-com-targets-ipo-1-09-billion-6b4477fc

Image #2 for story bitget-secures-bulgarian-vasp-license-blockchain-com-targets-ipo-1-09-billion-6b4477fc

Image #3 for story bitget-secures-bulgarian-vasp-license-blockchain-com-targets-ipo-1-09-billion-6b4477fc

Bitget Secures Bulgarian VASP License; Blockchain.com Targets IPO with $1.09 Billion Raised and New Executives

Sources

Additional media

Similar Stories