Bitget (BGBUSD) Lands Lithuanian VASP License

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Bitget(BGB) lands Lithuanian VASP license, driving global BGB Token optimism. On April 22, 2025, Bitget secured a Virtual Asset Service Provider license in Lithuania. This authorization allows the exchange to offer custody, trading and wallet solutions across EU member states. The regulatory approval reflects Bitget’s commitment to legal compliance and cross-border expansion. For BGB holders, the license broadens token utility by extending fee discounts and staking options in new markets.

The more I learn about BGB and its burn strategy, the more bullish I become. Here’s to innovative growth on the horizon!#BGBBurn #Bitget #Crypto #BurnBGB
— Leta Whitley (@LetaWhitle68887) April 19, 2025

Institutional investors often prefer regulated venues, and Lithuania’s VASP status will likely attract more corporate capital. Enhanced credibility may also encourage partnerships with financial institutions throughout Europe. Market sentiment around BGB should improve as regulatory uncertainty fades. Higher user engagement and trading volumes could boost token burn mechanisms. By integrating BGB into its expanding EU platform, Bitget strengthens token demand and liquidity. Analysts predict that increased trading activity could translate into higher token valuation over the coming months.

Key Bitget Levels To Watch – April 22

BGBUSD is showing bullish momentum as price continues to push above the 9-day SMA (Simple Moving Average), currently at $4.440. The RSI (Relative Strength Index) at 56.11 supports further upside potential without being overbought.

Price is approaching the key resistance zone at $5.150, where a breakout could trigger a rally toward the $6.900 level. A successful retest of the $5.000–$5.150 area would confirm continuation of the upward trend.