Bitget, the 10th largest cryptocurrency exchange globally, is rolling out extensive Know Your Customer (KYC) requirements for its English-speaking user base, effective December 15. This security measure is aligned with regulatory standards, emphasizing Bitget's commitment to compliance across the platform and its dedication to preventing financial crimes such as money laundering. The KYC implementation will be conducted in two tiers, where completing Level 1 provides users access to all Bitget services, including derivatives and copy trading, with daily withdrawal limits extending up to $3 million. To ensure a smooth transition, the rollout will occur in phases, allowing users ample time to upgrade their accounts. Bitget underscores its focus on enhancing user protection and adhering to global financial regulations.

In a press release shared with crypto.news, Bitget announces that users completing KYC verification by the December 15 deadline may qualify for a trading bonus of up to 100 USDT. This incentive is available for the initial 5,000 participants and adds an element of reward for compliance.

On the same day, Bitget Wallet reveals a new partnership with Deri Protocol, a move designed to elevate the trading experience for users. This strategic collaboration positions Bitget as an industry exemplar, showcasing its commitment to innovation and leadership.

The phased KYC implementation, along with the collaboration with Deri Protocol, highlights Bitget's proactive approach to stay ahead in the dynamic cryptocurrency landscape. These initiatives not only reinforce security measures but also aim to create a user-friendly and cutting-edge trading environment.