WhiteBIT, the biggest European crypto trade by site visitors, has formally secured a Digital Asset Service Supplier (VASP) registration in Argentina and is actively getting ready to launch operations in Brazil. This dual-market growth marks a major step within the firm’s strategic push throughout Latin America, a area experiencing speedy development in digital asset adoption.
The transfer is strategically timed to fulfill the surging demand for safe, compliant crypto platforms in South America. In response to the 2025 Chainalysis World Crypto Adoption Index, Brazil ranks fifth and Argentina 14th globally in grassroots crypto adoption. Regionally, Latin America has seen a 63 per cent improve in cryptocurrency transaction quantity over the previous 12 months, fueled by each particular person and institutional participation.
Capitalising on native market wants
WhiteBIT is increasing its business-to-business (B2B) and business-to-consumer (B2C) companies throughout each Argentina and Brazil, specializing in integrating native fiat suppliers and including assist for native currencies to boost accessibility and comfort.
In Argentina, the place the corporate has now secured its VASP registration, it can present seamless, safe entry to trade companies for particular person customers. The market is one the place customers proceed to rely closely on stablecoins as a hedge towards inflation.
In Brazil, WhiteBIT has established a neighborhood department and is getting ready to formally launch below the nation’s forthcoming VASP regulatory framework, which is predicted to take impact later this 12 months. Brazil at the moment leads the area in transaction volumes and enterprise-level blockchain adoption.
“Latin America is likely one of the most dynamic areas on the earth on the subject of crypto adoption,” mentioned Volodymyr Nosov, founder and president of W Group, the worldwide fintech ecosystem that features WhiteBIT. “Securing our license in Argentina and getting ready our launch in Brazil are key milestones in our mission to drive the worldwide adoption of cryptocurrencies by providing dependable, clear, and revolutionary digital property options for customers.”
Continued world regulatory growth
WhiteBIT’s Latin American entry follows a collection of regulatory milestones achieved up to now 12 months, underscoring its dedication to increasing responsibly in cooperation with regulators worldwide. The corporate lately obtained authorisations in Australia, Croatia, and Italy, and launched its licensed operations in Kazakhstan.
The twin-market growth in South America marks the start of a broader regional technique, aiming to foster wider adoption of regulated digital asset companies.
WhiteBIT, based in 2018, is a part of the W Group which serves greater than 35 million clients globally. The platform provides over 800 buying and selling pairs and helps 9 fiat currencies.
