The Australian Securities and Investments Commission (ASIC) has warned Bitget for offering unlicensed crypto futures products with leverage up to 125:1, far exceeding the regulatory limit of 2:1. While Bitget is authorized to provide general crypto exchange services in Australia, it lacks the necessary Australian Financial Services license to offer high-leverage derivatives. The regulator highlighted the substantial risks posed by these products, especially for Australian investors, and noted Bitget's history of facing regulatory scrutiny globally.
Continue to read ASIC Issues Alert on Bitget's Unlicensed Crypto Futures Trading with Excessive Leverage
The Australian Securities and Investments Commission (ASIC) has warned Bitget for offering unlicensed crypto futures products with leverage up to 125:1, far exceeding the regulatory limit of 2:1. While Bitget is authorized to provide general crypto exchange services in Australia, it lacks the necessary Australian Financial Services license to offer high-leverage derivatives. The regulator highlighted the substantial risks posed by these products, especially for Australian investors, and noted Bitget's history of facing regulatory scrutiny globally.
Continue to read ASIC Issues Alert on Bitget's Unlicensed Crypto Futures Trading with Excessive Leverage
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