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Could Bitget be a better alternative for derivative & Copy trading platforms as ByBit move to Suspend Service in UK following financial regulations?


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Just while the EU agreed for banks to hold 2% of their capital in BTC via a collective vote that will come into power by Jan 2025!

The Dubai-headquartered crypto exchange Bybit has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority, or FCA.
In a Sept. 22 announcement, Bybit said it will start suspending services to U.K. residents on Oct. 1 by no longer allowing new account applications. This move will be followed by the suspension of new deposits, new contracts, and changes to positions for existing users on Oct. 8.
Interestingly one of the top five global derivatives trading platforms by volume remains active within same region. 

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To be honest, Bitget likely has the best derivative liquidity and futures trading interface with lots of flexible risk management tools to help you navigate your trading easily. For copy-trading platform, you could still make a case for okx but being that the exchange doesn't offer retail services for most users in UK is already a limitation to the use of the platform in the region

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