Bitget expands Latin America push with Mexico approvals

By Parth Prabhudesai

Bitget has completed key regulatory registrations in Mexico as the cryptocurrency exchange accelerates its expansion plans across Central and Latin America.

The company announced that it has secured vulnerable activity registration with Mexico’s Tax Administration Service (SAT) and completed registration with the country’s Financial Intelligence Unit (UIF). Bitget said the approvals place it among the first global crypto platforms to complete the process under Mexico’s current virtual asset framework.

Mexico has emerged as a major growth market for digital asset companies amid rising crypto adoption across the country. Bitget described Mexico as one of its most important markets in the Latin American region, citing growing consumer demand and the country’s broader role in regional financial activity.

Gracy Chen, Chief Executive Officer of Bitget, said the registrations reflect the company’s focus on building a compliant and sustainable presence in international markets.

“Regulatory progress in crypto constantly changes with the landscape, and each one requires a clear understanding of local rules and how local financial systems operate,” Chen said.

She added that operating within Mexico’s regulatory structure would support responsible growth and strengthen opportunities to work alongside banks and financial institutions.

The registrations come as Mexico continues refining its regulatory framework for digital assets, including stronger anti-money laundering obligations for crypto-related activities.

Bitget said the approvals improve its ability to serve local users while positioning the company for broader regional growth. The exchange also noted that demand for regulated digital asset platforms is increasing across Latin America as more users seek access to crypto services through firms operating within local legal frameworks.

The company said Mexico is expected to play a significant role in the next phase of digital asset adoption across the region due to both its domestic market size and wider regional influence.