Bitget has officially re-launched its UK website in compliance with the Financial Conduct Authority’s (FCA) Financial Promotions Regime. With Archax’s approval, British Bitget users can now access a range of crypto services, including trading and custody for tokenized real-world assets. “At Bitget, compliance is the core of our expansion strategy,” said Gracy Chen, CEO of Bitget, emphasizing the importance of regulatory adherence in their growth. Archax’s support ensures that Bitget’s offerings align with the FCA’s Financial Promotion Rules, providing UK investors with a transparent trading experience. “We are dedicated to upholding high standards of the Regime, ensuring UK investors have access to a transparent trading experience,” said Julia Loder, Head of Regulation at Archax.
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In contrast to the trillion-level transactions that were the on-chain activity for Shiba Inu, the same level has significantly declined with only 628 billion SHIB transacted in the last 24 hours. This declined volume raises concerns about the long-term viability and market appeal of SHIB by pointing to a potential change in whale activity.
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Spot Bitcoin exchange-traded funds (ETFs) are experiencing one of their strongest months since launching in January 2024, with inflows surpassing $3 billion so far in October. This surge in demand has led ETF issuers to purchase Bitcoin at levels far exceeding the newly mined supply.
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