WhiteBIT expands its global reach: VASP licenses in Croatia, Italy, and Kazakhstan create new opportunities.

Prioritizing compliance with local regulatory requirements, WhiteBIT aims to provide solutions that cater to the needs of both business clients (B2B) and end-users (B2C). For businesses, the company will focus on institutional trading, over-the-counter transactions, API integration with exchanges, and the implementation of CaaS (Crypto-as-a-Service) solutions. End-users will be granted seamless access to spot trading, making the management of digital assets simpler and more convenient.

Croatia and Italy are part of the Central, Northern, and Western Europe region, which, according to the Chainalysis report The 2024 Geography of Crypto Report, ranks second in the world for cryptocurrency economy volume with a market share of 21.7%. From July 2023 to June 2024, network transactions in this region amounted to approximately $1 trillion. Kazakhstan, on the other hand, is part of the Central and South Asia and Oceania region, which holds third place globally with a market share of 16.6%.

These regions are becoming crucial for WhiteBIT due to the dynamic growth of the cryptocurrency industry and interest in blockchain technology. The European Union's adoption of the MiCA (Markets in Crypto-Assets) regulatory framework provides companies like WhiteBIT with legal clarity and encourages innovation in the cryptocurrency ecosystem.

Vladimir Nosov, founder and CEO of WhiteBIT, emphasized the significance of this achievement for the company:

Today, WhiteBIT operates 7 offices worldwide and serves over 5.5 million users. The WhiteBIT Group holding, which includes the cryptocurrency exchange, supports a global customer base of more than 30 million individuals. The company's unique approach to adhering to regulations in new jurisdictions allows it to remain among the industry leaders.

In 2024, WhiteBIT also applied for a license in Turkey, highlighting its readiness to operate in rapidly changing regulatory environments.

The company continues to expand its global presence, with a particular focus on emerging markets, especially in Asia. Its commitment to providing localized services and implementing innovative technologies positions WhiteBIT as a significant player in the cryptocurrency industry, meeting the growing demand for digital assets worldwide.