Exchange Bitget announces suspension of new registrations for users in mainland China: major investment matters

On December 1st, the exchange Bitget suddenly announced that it is currently in discussions regarding a significant investment to facilitate future growth. As a result, new user registrations from mainland China are temporarily suspended.

The exchange Bitget sudden announcement on 12/1 stated that it is currently in negotiations regarding a significant investment to facilitate future growth opportunities, hence the temporary suspension of new user registrations from mainland China.

Recently, Bitget's venture capital arm, Foresight, made a significant acquisition of media outlet The Block and the licensed exchange OSL in Hong Kong.

Investing in the parent company of the licensed exchange OSL in Hong Kong, Foresight VC and BitgetX are taking a step back to move forward.