Bitget Exits Japan Market: Will Forcefully Close All Positions by December 31

Crypto exchange Bitget has announced its complete withdrawal from the Japanese market, leaving thousands of users in a state of alert. The platform has ceased registering new users residing in Japan and will implement gradual restrictions starting November 1, with all open positions being forcefully closed by December 31.
This strategic decision comes amid an increasingly stringent regulatory environment in the Japanese cryptocurrency sector, forcing exchanges to reassess their international operations. Users incorrectly classified as Japanese residents have until November 1 to complete "Level 2" identification, including address verification, to avoid having their accounts frozen. The move reflects the global trend of exchanges adapting to local regulatory complexities.
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