ASIC Alerts Public to Bitget’s Unlicensed Crypto Futures Offerings in Australia

The Australian Securities and Investments Commission (ASIC) has released a public warning regarding Bitget, a cryptocurrency exchange providing crypto futures trading services in Australia. According to the regulatory body, Bitget is operating without the necessary Australian Financial Services Licence (AFSL) required to offer these types of financial products. Australian investors are strongly advised to exercise extreme caution when engaging with Bitget and to consider the significant risks associated with trading crypto futures, including the potential for complete loss of investment. ASIC emphasizes the importance of verifying that companies providing financial services in Australia are properly licensed before conducting any business with them. Investors can verify licensing status on the ASIC website. This warning aims to protect Australian consumers from unregulated financial services that could expose them to substantial financial risks.