International crypto exchange platform Bitget has been marketing its high-risk products across Australia, despite interference from the financial regulator.

The Australian Securities and Investments Commission (ASIC) rang the alarm on Bitget in July, warning investors about its unlicensed crypto asset futures products that were available at leverage 125 times in value.

By comparison, ASIC limits leverage ratios for certain crypto-asset derivative products to 2:1 to protect retail investors from massive losses.

“Bitget does not hold an Australian Financial Services (AFS) licence, meaning it is not permitted to promote or encourage Australian investors to invest in its financial products,” said the statement from ASIC.

But since the warning,…