Bitget plans to establish operations in the United States through a locally regulated entity, according to chief executive Gracy Chen.

The exchange intends to seek money-transmitter, derivatives and broker-dealer approvals before offering services to US customers. Chen said the company’s decision to enter the market does not depend on passage of the Digital Asset Market Clarity Act.

Bitget previously considered a US presence in 2022 but paused amid heightened regulatory scrutiny. The company is now reviving those efforts with a focus on compliance. It has applied for authorization under the European Union’s Markets in Crypto-Assets Regulation in Austria and holds registrations in other jurisdictions such as Argentina.

Chen noted discussions with the New York Stock Exchange and Nasdaq regarding tokenized traditional assets. Tokenized equities currently represent 20 percent to 30 percent of Bitget’s spot trading volume, with more than $100 million in assets under such products.

The exchange confirmed it holds no license from Singapore’s Monetary Authority and maintains restricted access for users there. Chen emphasized a strategy of securing local approvals before launching services in each market.

The CLARITY Act would provide clearer federal oversight for digital assets if enacted, but Bitget’s US timeline is not contingent on its progress. The company continues preparing its independent US entity.