Bitget is tightening controls on transactions involving 16 cryptocurrency platforms following sanctions actions by US and European authorities.
The exchange is rolling out the restrictions in three stages, targeting platforms including HTX and EXMO. Bitget warned that transactions routed indirectly through the affected platforms could also face additional checks.
Sanctions Drive New Restrictions
Bitget began the first round on Aug. 7, covering Aban Tether Exchange and Shelbit General Trading.
The second round started Aug. 13 and included A7 Africa, A7 Nigeria and PilotFinance. The largest group faces restrictions from Aug. 23, including HTX, EXMO, Rapira, Aifory Pro and ABCeX.
Related: Binance Bans 11 More Crypto Platforms: Is Your Exchange on the List?
The first two rounds follow US Treasury sanctions targeting entities accused of helping evade restrictions. The Aug. 23 measures are linked to the European Union’s latest sanctions package against Russia.
Users may face additional checks when sending funds through affected platforms or intermediary wallets, making transaction sources and routes more important.
Bitget Expands Stock-Linked Tokens
Bitget is also expanding its Stock Dual Investment lineup to more than 20 tokens linked to stocks and ETFs.
The products include assets tied to Nvidia, Tesla, Apple, Coinbase and Strategy, as well as leveraged semiconductor ETF-linked tokens. The expansion comes as Bitget increases scrutiny of transactions involving sanctioned platforms.
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