Crypto Exchange Bitget Secures VASP License in Bulgaria

Bitget, a cryptocurrency exchange and Web3 company, announced on Thursday that it obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency, further expanding its presence in Europe.

With this approval, Bitget gains the ability to offer various crypto-related services in Bulgaria, including trading, asset transfers, custodial solutions, public offerings, and wallet services.

The license also strengthens Bitget’s position in the European market and moves it closer to full compliance under the EU’s Markets in Crypto-Assets (MiCA) regulatory framework.

Bitget’s EU Expansion Gains Momentum with Bulgaria’s VASP License

“The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union,” said Hon Ng, Chief Legal Officer at Bitget.

“As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption,” Ng added.

Bitget has steadily grown its regulatory footprint across Europe. The exchange has secured approvals in Poland, Italy, Lithuania, the UK, and now Bulgaria, reinforcing its commitment to operating within legal frameworks.

🇸🇻 Cryptocurrency exchange and Web3 company @Bitget said it has obtained the Bitcoin Service Provider license in El Salvador#ElSalvador #Bitgethttps://t.co/flDa7SUCIq

— Cryptonews.com (@cryptonews) December 16, 2024

Beyond Europe, the exchange has expanded its global presence in recent months, securing a BSP license in El Salvador, obtaining approval for digital asset services in the UK, launching Vietnam-based BitEXC, and engaging in regulatory discussions with India’s Financial Intelligence Unit.

Changing Investment Perspectives: Bitget’s Survey on Retirement and Crypto

As Bitget strengthens its regulatory presence, it has also been researching shifting financial behaviors.

A recent Bitget Research survey of nearly 17,000 participants found that 20% of Generation Z and Generation Alpha respondents are open to receiving pensions in cryptocurrency, contrasting with older generations who favor traditional pension models.

📈 A @bitgetglobal survey found that 20% of Gen Z and Alpha respondents are open to receiving pensions in cryptocurrencies, reflecting a growing interest in alternative retirement savings.#Cryptocurrencies #Bitcoinhttps://t.co/cO2MrxKCA4

— Cryptonews.com (@cryptonews) January 16, 2025

Additionally, 78% of these younger respondents expressed greater confidence in alternative retirement savings, including cryptocurrencies, real estate, and private pension plans, rather than relying solely on government-backed funds.

Regulatory Compliance and Shifting Financial Trends

Bitget’s latest approval in Bulgaria reflects the broader trend of increased oversight in the crypto sector.

As more exchanges work toward compliance under MiCA and other regulatory frameworks, the industry continues to adapt to evolving legal requirements.

At the same time, shifting investment preferences—particularly among younger generations—suggest growing interest in alternative financial strategies.

While traditional financial institutions remain dominant, digital assets are becoming a more accepted component of long-term financial planning.

As regulations evolve across Europe and beyond, exchanges must address both compliance mandates and changing investor priorities, ensuring they align with both regulatory requirements and market demand.