This will enable the company to operate in new markets and offer its services in these countries. WhiteBIT plans to develop both infrastructure solutions for businesses and products for end users, while adhering to the requirements of local regulators, as stated in the company's press release.
According to the Chainalysis report for 2024, Central, Northern, and Western Europe (including Italy and Croatia) is the second-largest cryptocurrency economy in the world, holding a share of 21.7% and nearly $1 trillion in on-chain transactions annually. Central and South Asia, along with Oceania (including Kazakhstan), ranks third with a share of 16.6%. The selection of these countries is of strategic importance for the company's growth.
WhiteBIT aims to actively enhance its offerings for both businesses (B2B) and end consumers (B2C) in accordance with the licensing specifics in these regions:
- For businesses: institutional trading, OTC transactions, API for integrating exchange solutions, CaaS solutions.
- For consumers: convenient access to spot trading.