Bitget & Bybit Exit Singapore’s Retail Crypto Market Due to Strict MAS Regulations

Singapore’s regulatory crackdown on the crypto market is prompting prominent exchanges, Bitget and Bybit, to exit its retail segment. The Monetary Authority of Singapore (MAS) has introduced stricter rules aimed at protecting everyday investors and reducing risk exposure in the digital asset landscape. These new regulations include limitations on trading bonuses, reduced leverage allowances, enhanced transparency for risks, and tighter security measures regarding customer funds.