Cryptocurrency exchange Bitget has announced it will withdraw from the Japanese market, halting new user registrations and progressively restricting existing accounts before closing all remaining positions after December 31. The move marks a full exit from one of Asia's most regulated crypto jurisdictions.
Timeline of the Withdrawal
Bitget has already stopped accepting new registrations from Japan residents. Starting November 1, the exchange will begin progressively restricting the functionality of existing accounts. All remaining open positions must be closed by December 31, after which the platform will cease operations in Japan entirely.
What Japanese Users Need to Know
Users currently holding positions on Bitget are advised to monitor their accounts closely as restrictions take effect. The exchange has not specified the exact order or pace of the account limitations, but the November 1 date marks the beginning of the wind-down. After the year-end deadline, any remaining positions will be forcibly closed.
No Reason Given for the Exit
Bitget did not provide a public explanation for the decision. The company has not cited any specific regulatory action or internal strategic shift. The exit follows a broader trend of some international crypto platforms reassessing their presence in Japan, where the Financial Services Agency enforces strict registration and compliance requirements.
For now, the focus is on the operational steps: Bitget will restrict accounts from November 1 and close all positions after December 31. Users are expected to take action before those deadlines.
