Bitget Crypto Exchange Updates Mandatory KYC Policy

Bitget, a prominent player in the cryptocurrency exchange market, is taking a significant step towards improving user security and aligning with global financial standards. The exchange has recently updated its mandatory KYC (Know Your Customer) policy, aiming to create a safer trading environment for its global community of users.

The rollout of Bitget's new KYC policy was first announced in August, outlining a multi-tiered system to accommodate users with varying levels of access. The first level enables users to trade Bitget derivatives, engage in copy trading, and withdraw up to $3 million per day, providing greater flexibility and options for traders.

To incentivize early adoption of the updated KYC process, Bitget is offering enticing rewards to the first 5000 users who complete their KYC verification by December 15th. These users will receive a generous 100 Tether (USDT) as a reward. VIP users can expect rewards ranging from $200 to $500. Additionally, all KYC participants will have the chance to enter a draw for an iPhone 15 Pro and 100 USDT.

Jamie Elkalé, Bitget's Regional Manager, emphasized the exchange's dedication to providing cutting-edge services and ensuring a secure trading environment. By implementing mandatory KYC requirements for all users, Bitget aims to enhance user safety and maintain compliance with global financial regulations.

Starting from December 15, 2023, Bitget will require all users to provide their KYC information to access the trading platform's services. This marks a crucial milestone in Bitget's commitment to user safety and global financial compliance.

As of December 14, Bitget ranked fourth among centralized cryptocurrency derivative platforms in terms of open interest, highlighting its position as a significant player in the cryptocurrency exchange industry. Stay tuned for further updates on Bitget's journey towards enhancing user security and compliance.