Bitget, a major cryptocurrency exchange, has seen a surge in new accounts from Latin America following legal actions taken against Binance and Coinbase by US regulators.

The increase in user sign-ups has been particularly notable in Brazil and Argentina, resulting in substantial market share growth for Bitget in the region. According to Bitget, the number of new clients in Brazil increased by 54%, accompanied by a remarkable 208% surge in total deposits. Bitget's growth in Latin America can also be attributed to favorable policies and emerging opportunities in regions like Hong Kong, Dubai, and Singapore.