Exchanges· ★★★· neutral· October 28, 14:00

Bitget CEO Gracy Chen targets U.S. market entry by 2027, with or without CLARITY Act

—Bitget will launch a U.S. website in 2026; a local team is already applying for licenses
—The exchange lost $388 million in September through third-party product vulnerabilities
—Bitget topped up its protection fund with over $300 million from its own reserves after the hack
—Bitget also plans to acquire Thailand's GMO-Z.com Cryptonomics and hold an IPO within five years

Why it matters: The sixth-largest exchange entering the U.S. will intensify competition with Coinbase and Kraken even without clear rules.