In a recent interview, Bitget CEO Gracy Chen claimed that the crypto exchange was considering entering US markets. Chen cited a friendlier US regulatory market under Trump’s upcoming term, but difficulties remain nonetheless.

She also expressed interest in a partnership to help clear US regulatory hurdles, but nothing concrete has materialized.

Bitget to Enter the US Market?

Chen, an influential figure in the crypto industry, discussed these possible decisions in a recent interview. According to Coingecko data, Bitget is currently the 7th largest centralized exchange in terms of daily trading volume. Entering the US could potentially boost its market share.

While the US is one of the biggest markets for crypto, most international exchanges have difficulties accessing it. Binance’s US branch, for example, received a major fine last year.

However, since Donald Trump’s election, the calculus has changed. Trump promised to enact a series of pro-crypto government reforms, which has helped enable a major bull market in the industry. He has already appointed a Crypto Czar and a new pro-crypto SEC Chair. These decisions have started reflecting an impending regulatory shift in the US crypto industry.

Meanwhile, Bitget already saw explosive growth this year, and the current bull market has elevated its token (BGB) even further. The token reached an all-time high over the weekend, gaining nearly 400% this year.

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Author: Landon Manning