Bitget Exits Japan: Forced Position Closures and Regulatory Warnings Timeline

Woofun AI reports that Bitget is executing a strategic exit from the Japanese market, ceasing all service provision to residents. This withdrawal is not voluntary but rather a direct consequence of sustained regulatory pressure, culminating in the mandatory closure of all open positions by Dec. 31.

Operational restrictions are being phased in with strict deadlines. New registrations from Japanese residents were halted immediately, while existing account limitations commence on Nov. 1. To avoid automatic classification as a Japanese resident, users must complete "Level 2" identification, including address verification, by Nov. 1. Bitget will issue further instructions via email regarding asset management procedures.

Woofun AI data shows the deeper driver is a history of compliance failures flagged by Japanese authorities. The Financial Services Agency (FSA) issued warnings in March 2023 and November 2024 for allegedly providing unregistered crypto services. In June 2025, the Kanto Local Finance Bureau, an arm of the Ministry of Finance, targeted BTG Technology Holdings Limited for soliciting unregistered over-the-counter derivatives transactions under the Bitget brand.

Any positions still open on Dec. 31 will be forcibly closed, marking the final severance of ties. This exit underscores the high cost of operating without proper registration in Japan’s tightly controlled financial sector. The case serves as a stark reminder of the risks associated with unregistered derivatives trading.