Bitget Japan exit: accounts face forced liquidation by December 31

NewsTue, 04 Aug 2026 11:32:33 UTC3 hours ago
Bitget Japan exit: accounts face forced liquidation by December 31

Bitget is shutting the door on Japan. The world’s fifth-largest crypto exchange by trading volume has begun a staged exit from the Japanese market, a move that traces directly back to a tightening web of regulation that made staying put far riskier than leaving. The Bitget Japan exit unfolds over several months, with new account sign-ups already frozen, trading restrictions arriving in November, and a hard deadline by year-end that will force the closure of any positions still open.

Key takeaways

  • Bitget halted new registrations from Japanese residents on August 3, 2026, the first step in a phased withdrawal from the country.
  • Starting November 1, 2026, at 11 a.m. JST, Japan-linked accounts will enter close-only mode, losing access to spot trading, futures, P2P, copy trading, and more.
  • Any positions still open by December 31, 2026 will be forcibly liquidated at market prices, with card services suspended the same day.
  • Japan’s parliament reclassified Bitcoin and 104 other cryptocurrencies as financial instruments on July 15, 2026, with the broader law taking effect in fiscal 2027.
  • A related provision raising criminal penalties for unregistered exchange operators, effective around August 4-5, 2026, pushed maximum prison terms to ten years and fines to ¥10 million.

Bitget Ends Services for Japanese Residents

Bitget’s decision to pull out of Japan comes down to compliance math that stopped adding up. According to a company notice cited by CoinDesk, the exchange said it would stop providing crypto trading services to Japanese residents to comply with local regulations, without naming a specific regulatory trigger.

… Continue reading the full article at the original source below.

Read from Source · en.cryptonomist.ch ↗
This content is automatically aggregated. Full credit goes to the original publisher (en.cryptonomist.ch).

Related