Singapore’s Unlicensed Crypto Exchanges to Weigh Exit

A final warning from Singapore’s regulator has prompted major crypto exchanges operating in the country without a permit to plan for a hasty exit.

Bitget and Bybit — two top-10 exchange operators by volume with a presence in Singapore but no local license — plan to reorganize their teams, according to people familiar with the matter. Bitget will shift staff to jurisdictions including Dubai and Hong Kong, while Bybit is weighing similar moves, said the people, who refused to be identified as the plans are confidential.